JSCN(SH:600959) Xin Lang Cai Jing·2026-01-16 01:48Core Viewpoint - Jiangsu Cable experienced a decline of 1.04% in stock price on January 15, with a trading volume of 348 million yuan, indicating a potential concern in market sentiment towards the company [1]. Financing Summary - On January 15, Jiangsu Cable had a financing buy-in amount of 34.77 million yuan and a financing repayment of 37.12 million yuan, resulting in a net financing outflow of 2.35 million yuan [1]. - As of January 15, the total financing and securities lending balance for Jiangsu Cable was 578 million yuan, with the financing balance accounting for 3.02% of the circulating market value, which is above the 70th percentile of the past year [1]. - The company repaid 32,200 shares in securities lending on January 15, with a selling amount of 9,144 yuan, and the securities lending balance was 1.38 million yuan, indicating a low level compared to the 10th percentile of the past year [1]. Company Overview - Jiangsu Cable, established on July 10, 2008, and listed on April 28, 2015, operates in the construction and operation of broadcasting networks, transmission of television programs, broadband data services, and development of digital TV value-added services [2]. - The main revenue sources for Jiangsu Cable include: - Viewing maintenance fees (24.98%) - Urban construction support fees (20.20%) - Data service business (18.64%) - Engineering settlement (17.85%) - Equipment sales (11.03%) - Digital TV value-added services (2.60%) - Mobile communication operation income (1.68%) - Video access fees (1.57%) - Asset rental (0.72%) - Advertising income (0.52%) - Other (0.12%) [2]. - As of October 31, Jiangsu Cable had 97,500 shareholders, a decrease of 1.03% from the previous period, with an average of 51,289 circulating shares per person, an increase of 1.04% [2]. Financial Performance - For the period from January to September 2025, Jiangsu Cable reported a revenue of 5.803 billion yuan, reflecting a year-on-year growth of 2.79%, and a net profit attributable to shareholders of 313 million yuan, which is a significant increase of 40.73% year-on-year [2]. Dividend Information - Jiangsu Cable has distributed a total of 2.075 billion yuan in dividends since its A-share listing, with 315 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder of Jiangsu Cable was Hong Kong Central Clearing Limited, holding 45.735 million shares, a decrease of 2.6295 million shares from the previous period [3]. - The Southern CSI 500 ETF ranked as the fourth-largest circulating shareholder, holding 36.4242 million shares, down by 867,900 shares from the previous period [3].