A method for the production of a coated composite material essentially consisting of a thermoplastic resin matrix and reinforcing fibers, said coated composite material having outer surface thereof coated with a thermosetting resin and inner surfaces of void of thermoplastic resin matrix attached with a thermosetting resin, which method comprises setting in place a roller and a collecting section disposed in the direction of the rotation of said roller, rotating said roller, feeding thermoplastic resin fibers for the matrix of said composite material and reinforcing fibers for said composite material to said roller, causing said roller to throw a uniform mixture of said two types of fibers onto said collecting section, thereby forming a composite mat of said uniform mixture on said collecting seciton, then thermally decompressing said composite mat and further solidifying said compressed composite mat by cooling and forming composite material consisting of a plate-shaped thermoplastic matrix and reinforcing fibers, further heating said composite material, thereby melting and expanding the thermoplastic resin forming said matrix, then cooling said expanded composite material, thereby forming a foam composite material including minute voids, subsequently impregnating said foam composite material with a thermosetting resin so that the thermosetting resin is deposited in the voids and on the outer surface of the foamed composite material, and then subsequently removing the thermosetting resin from the void of the foamed composite material by aspiration.