On the evening of February 6, Matsui shares (688157SH) released its 2023 annual results report. According to the data, the company achieved an operating income of 58,823 for the whole year270,000 yuan, a year-on-year increase of 1786%；The net profit attributable to shareholders of the listed company was 8,330160,000 yuan, a year-on-year increase of 128%。Among them, the operating income in the fourth quarter was 17,310360,000 yuan, a year-on-year increase of 5603%, a month-on-month increase of 227%；Net profit attributable to shareholders of the listed company was 2,969730,000 yuan, a year-on-year increase of 6218%, a month-on-month increase of 1046%, showing a trend of improving quarter by quarter and improving steadily.
"High-end consumer electronics + passenger cars" two-wheel drive force in unison
In recent years, Matsui has continued to invest in the layout around the strategic goal of "three horizontal and three vertical", with solid steps and remarkable achievements. With the gradual recovery of the consumer electronics industry in the second half of the year and the successive release of many new products, as a leading enterprise in the field of high-end consumer electronics coatings, Matsui has won the trust of more downstream end customers with innovative processes and differentiated products, and has successfully become the coating solution provider of many popular new products such as Mate60, a major domestic H customer, and Vision Pro, the first headset of a major consumer electronics customer in North America. In the field of high-end consumer electronics, the company achieved an annual operating income of 47,681570,000 yuan, a year-on-year increase of 1183%。With the continuous expansion of the demonstration effect of benchmark terminal products, the company's brand influence and market share have been further improved.
At the same time, the second strategic curve that the company has cultivated in recent years, the development of passenger car business, is also remarkable. As a rising star in the automotive coating industry, Matsui firmly grasps the opportunity of the vigorous development of new energy vehicles, and carries out project cooperation with many new energy car companies such as BYD, Weilai, Geely, Ideal, and Xiaopeng from the entry point of auto parts interior coating. According to the performance express report, the company's passenger car business will achieve a total operating income of 9,891 in 2023190,000 yuan, a year-on-year increase of 4757%, with a compound annual growth rate of 109 in the past three years84%。It is worth noting that important exterior trim projects such as luminous bumper innovative solutions and spoiler coating solutions provided by Matsui have been successfully introduced into mass production in strategic customers, which marks that the company's products have been successfully expanded from automotive interiors to the automotive exterior market with larger areas and more stringent technical requirements. With the continuous advancement, implementation and maturity of product technology, Matsui's passenger car business is expected to continue to maintain rapid growth.
Major innovation projects have yielded fruitful results The power battery project has won mass production orders
In recent years, Matsui's R&D investment has always maintained a high level in the industry, and it has carried out the cultivation, incubation and layout of a series of innovative projects around the development trends and technological trends of emerging industries such as new energy vehicles and aerospace in a forward-looking manner. Judging from the performance report, many of the company's projects in emerging fields are gradually being implemented, such as a number of self-developed new technologies have been successfully completed in stages, and a number of major strategic innovation projects have made substantial progress.
Among them, the systematic solution of "insulating coating material + digital coating technology" that can be applied to power batteries and other fields, which is of considerable concern to the market, has successfully obtained a mass production purchase order from a leading customer. It is reported that Matsui Co., Ltd. is the earliest participant and promoter of the insulation coating system solution industry in the power battery industry. Compared with the traditional solution, the company said that its insulating coating material system solution has higher insulation performance and higher cost performance, which can meet the new and better technical performance requirements of industry customers for functional coating materials, and can be applied to the personalized needs of "digital, intelligent and low-carbon" in the development of modern industry while greatly improving the overall safety performance of the battery cell. In addition, the company's aircraft interior coating project has also made new progress, and is in the process of airworthiness certification. The market breakthrough and solid promotion of many projects have made it more and more promising for Matsui to enter the field of special equipment.