8月28日晚间，松井股份(688157)发布2025年半年度业绩报告。报告显示，公司上半年实现营业收入3.48 亿元，同比增长7.48%，创同期历史新高；其中，第二季度单季实现营业收入1.94亿元，环比增长 26.97%，显现出稳健的经营态势和持续成长潜力。 在当前新型功能涂层材料行业中，国际头部企业如阿克苏诺贝尔、PPG、巴斯夫等凭借其综合型、平台 化的业务布局与深厚技术积淀，长期占据市场主导地位。而专业型企业则更多聚焦于高端消费品等细分 市场，据了解，松井股份正是这一类型的代表企业。不过，近年来公司积极推动技术迁移与跨界融合， 不断拓宽产品应用边际，正逐步从专业型企业向平台型企业转型。 据悉，松井股份深耕高端消费电子领域，在PVD技术方面积淀深厚，该技术能够在塑料等基材上实现金 属化效果，在增强外观装饰性的同时不影响信号传输。如今，公司成功将这一技术迁移至乘用车领域， 自主研发了可应用于乘用车领域的PVD涂料。该材料采用真空离子溅射镀膜技术，具备无污染、强附着 力、高耐磨、耐候性强等优势，可替代高污染水电镀工艺，适用于多种汽车内外饰件，在提升美观与防 护性能方面表现突出，成为公司实现跨行业技术应用的典范。 ...

Core Viewpoint - Matsui New Materials Group Co., Ltd. reported a record high revenue of 746 million yuan for 2024, marking a year-on-year growth of 26.41%, alongside a net profit of approximately 86.4 million yuan, reflecting a growth of 6.52% [1][2] Group 1: Financial Performance - The company achieved a total revenue of 746 million yuan, which is a 26.41% increase compared to the previous year, continuing a trend of steady growth for four consecutive years [1] - The net profit attributable to shareholders reached 86.4 million yuan, with a non-recurring net profit of 79.0 million yuan, representing year-on-year increases of 6.52% and 7.18% respectively [1] Group 2: Market Position and Strategy - Matsui has established itself as one of the few domestic companies capable of competing with international giants like PPG and AkzoNobel, focusing on technological advancements to create a strong competitive edge [1][2] - The company has developed a series of advanced coating technologies, including organic silicone touch coatings and PVD coatings, which have achieved scale production and sales capabilities, breaking the monopoly of foreign brands in the high-end market [1][2] Group 3: Industry Trends and Opportunities - The rapid growth of the new energy vehicle industry has allowed Matsui to form deep collaborations with leading automotive companies, positioning its products to meet or exceed international competitors' performance metrics [2] - Analysts suggest that domestic coating material companies with core technological barriers are poised for significant growth amid global industrial chain adjustments, with Matsui expected to expand its market share through strategic positioning in high-end consumer electronics and automotive sectors [2]