M&S ELECTRONICS(SH:688311) Jin Rong Jie·2025-07-08 05:18Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bond issued by Alliance Electronics, which has seen a price increase and notable trading volume [1] - The convertible bond has a credit rating of "A" and a maturity of 6 years, with a coupon rate that increases over the years, starting from 0.20% in the first year to 2.50% in the sixth year [1] - The conversion price for the bond is set at 20.94 yuan, with the conversion period starting on March 18, 2024 [1] Group 2 - For the first quarter of 2025, Alliance Electronics reported a revenue of 21.113 million yuan, reflecting a year-on-year increase of 48.01% [2] - The net profit attributable to shareholders was -0.15 billion yuan, showing a year-on-year increase of 30.88%, while the net profit excluding non-recurring items was -0.195 billion yuan, up 26.22% year-on-year [2] - The shareholding structure is highly concentrated, with the top ten shareholders holding a combined 49.52% of shares, and the top ten circulating shareholders holding 49.54% [2]