Group 1 - The core point of the news is the performance and characteristics of Luokai Convertible Bonds, which have a current price of 143.714 yuan per bond and a conversion premium rate of 20.02% [1] - Luokai Convertible Bonds have a credit rating of "AA-" and a maturity period of 6 years with varying interest rates from 0.20% in the first year to 2.50% in the sixth year [1] - The conversion price for Luokai shares is set at 15.33 yuan, with the conversion period starting on April 23, 2025 [1] Group 2 - Jiangsu Luokai Electromechanical Co., Ltd. is located in Changzhou, part of the Yangtze River Delta, and specializes in the R&D, production, sales, and service of low and high voltage distribution electrical accessories [2] - The company has a management team with over 50 years of experience and is recognized as a leading enterprise in the distribution electrical accessories industry in China [2] - Luokai's products are exported to various countries, including the USA, France, the Netherlands, India, and Italy, and the company serves well-known clients such as GE, Schneider Electric, Siemens, and ABB [2] Group 3 - For the first quarter of 2025, Luokai achieved a revenue of 468.1 million yuan, representing a year-on-year increase of 7.45% [2] - The net profit attributable to shareholders was 27.93 million yuan, showing a significant year-on-year increase of 52.05%, while the net profit excluding non-recurring items was 26.89 million yuan, up by 83.73% year-on-year [2] - As of March 2025, the concentration of shares is high, with the top ten shareholders holding a total of 76.5% of the shares, and the average holding amount per shareholder is 220,900 yuan [2]