M&S ELECTRONICS(SH:688311) Jin Rong Jie·2025-08-25 07:21Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bonds issued by Alliance Electronics, which have shown a significant increase in trading value and a notable premium rate [1] - The convertible bond has a credit rating of "A" and a maturity period 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 bonds 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, which is a year-on-year increase of 30.88% [2] - The concentration of shareholding is high, with the top ten shareholders holding a combined 49.52% of shares, and the average holding amount per shareholder is 890,200 yuan [2]