Group 1 - The core point of the news is the performance and characteristics of the convertible bond issued by Libat, which has seen a decline in its market price and a notable conversion premium rate [1] - The convertible bond has a credit rating of "AA" and a maturity period of 6 years with increasing interest rates from 0.10% in the first year to 2.00% in the sixth year [1] - The conversion price for the bond is set at 12.14 yuan, with the conversion starting on January 9, 2026 [1] Group 2 - Jiangsu Libat Co., Ltd. is headquartered in Shanghai and operates several subsidiaries, focusing on industrial module design and manufacturing, as well as engineering services [2] - For the first quarter of 2025, Libat reported a revenue of 668 million yuan, a year-on-year increase of 1.45%, while the net profit attributable to shareholders was 35.87 million yuan, a year-on-year decrease of 8.07% [2] - The company has a concentrated shareholder structure, with the top ten shareholders holding a combined 70.38% of the shares, and an average holding amount of 231,200 yuan per shareholder [2]

Group 1 - The core point of the news is the performance of the convertible bond of Libat, which saw a price increase of 3.06% to 132.94 yuan per share, with a trading volume of 264 million yuan and a conversion premium rate of 45.07% [1] - The credit rating of Libat's convertible bond is "AA", with a maturity of 6 years and a structured interest rate that increases from 0.10% in the first year to 2.00% in the sixth year [1] - The conversion price for the bond is set at 12.14 yuan, with the conversion period starting on January 9, 2026 [1] Group 2 - Jiangsu Libat Co., Ltd. is headquartered in Shanghai and includes several subsidiaries, focusing on industrial module design and manufacturing, as well as engineering services [2] - The company reported a revenue of 668 million yuan for the first quarter of 2025, reflecting a year-on-year increase of 1.45%, while the net profit attributable to shareholders was 35.87 million yuan, down 8.07% year-on-year [2] - As of March 2025, the concentration of shareholding is high, with the top ten shareholders holding a combined 70.38% of the shares, and the average holding amount per shareholder is 231,200 yuan [2]