严牌转债盘中上涨2.01%报140.78元/张，成交额6598.20万元，转股溢价率1.94%

Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bond issued by Yanpai Co., which has seen a price increase and has specific terms related to its conversion into equity [1] - Yanpai Co. is a well-known multinational enterprise established in 2014, specializing in the research, development, and production of filter materials, serving global markets with a focus on solid-liquid and solid-gas separation [2] - The company has established itself as a leading manufacturer in the industrial fabric sector in China, emphasizing quality and technological advancement in its operations [2] Group 2 - For the first quarter of 2025, Yanpai Co. reported a revenue of 199.7 million yuan, reflecting a year-on-year increase of 16.49%, while the net profit attributable to shareholders was 12.23 million yuan, showing a decline of 15.59% [2] - As of June 2025, the shareholder concentration of Yanpai Co. is very high, with 9,632 shareholders and an average of 22,410 shares held per person, amounting to an average holding value of 216,300 yuan [2]