恒帅转债盘中下跌2.03%报221.0元/张，成交额6435.61万元，转股溢价率112.02%

Group 1 - The core viewpoint of the news is the performance and characteristics of Hengshuai Convertible Bonds, which are currently trading at 221.0 yuan per share with a conversion premium rate of 112.02% [1] - Hengshuai Convertible Bonds have a credit rating of "A+" and a maturity period of 6 years, with interest rates increasing from 0.20% in the first year to 2.50% in the sixth year [1] - The conversion price for Hengshuai Convertible Bonds is set at 62.55 yuan, with the conversion start date on December 5, 2025 [1] Group 2 - Hengshuai Co., Ltd. has focused on automotive micro-motors and related products for many years, adapting to the rapid development of the global automotive industry [2] - The company has invested in innovative design and advanced manufacturing processes, including self-made molds and automated assembly lines, to enhance product development and quality control [2] - For the first quarter of 2025, Hengshuai reported a revenue of 202.8 million yuan, a year-on-year decrease of 16.04%, and a net profit of 41.8 million yuan, down 35.48% year-on-year [2] - As of June 2025, Hengshuai's shareholder concentration is high, with 8,995 shareholders and an average holding of 3,375 shares per person, amounting to an average investment of 189,700 yuan [2]