Core Viewpoint - Jiangsu Cable experienced a slight decline in stock price, with a trading volume of 124 million yuan on November 20, indicating a mixed market sentiment towards the company [1] Financing Summary - On November 20, Jiangsu Cable had a financing buy-in amount of 17.74 million yuan and a net financing buy of 7.25 million yuan, with a total financing and securities balance of 615 million yuan [1] - The current financing balance of 613 million yuan accounts for 3.43% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high financing level [1] - In terms of securities lending, Jiangsu Cable repaid 15,100 shares and sold 200 shares on the same day, with a total lending balance of 218,520 yuan, which is below the 50th percentile level over the past year, indicating a low lending level [1] Company Profile - Jiangsu Cable, established on July 10, 2008, and listed on April 28, 2015, is based in Nanjing, Jiangsu Province, and primarily engages in the construction and operation of broadcasting networks, program transmission, broadband data services, and 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 fees (18.64%), project settlement (17.85%), equipment sales (11.03%), and others [2] - As of September 30, the number of shareholders reached 98,500, an increase of 6.73%, while the average circulating shares per person decreased by 6.31% [2] Financial Performance - For the period from January to September 2025, Jiangsu Cable achieved a revenue of 5.803 billion yuan, representing a year-on-year growth of 2.79%, and a net profit attributable to shareholders of 313 million yuan, reflecting a significant year-on-year increase of 40.73% [2] Dividend Information - Since its A-share listing, Jiangsu Cable has distributed a total of 2.075 billion yuan in dividends, with 315 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder is 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 ranks as the fourth-largest circulating shareholder, holding 36.4242 million shares, down by 867,900 shares compared to the previous period [3]

Core Insights - Jiangsu Cable experienced a stock price increase of 0.54% on October 22, with a trading volume of 201 million yuan [1] - The company reported a net financing outflow of 12.07 million yuan on the same day, with a total financing and securities balance of 550 million yuan [1][2] - For the first half of 2025, Jiangsu Cable achieved a revenue of 4.144 billion yuan, representing a year-on-year growth of 4.25%, and a net profit of 203 million yuan, up 35.24% year-on-year [2] Financing and Trading Activity - On October 22, Jiangsu Cable had a financing buy-in of 20.96 million yuan, with a current financing balance of 547 million yuan, accounting for 2.95% of its market capitalization [1] - The financing balance is above the 80th percentile of the past year, indicating a high level of activity [1] - The company had a securities lending balance of 291.98 million yuan, with a lending volume of 787,000 shares, also above the 70th percentile of the past year [1] Business Overview - Jiangsu Cable, established on July 10, 2008, and listed on April 28, 2015, operates in broadcasting network construction, television program transmission, broadband data services, and digital TV value-added services [2] - The main revenue sources include viewing maintenance fees (24.98%), urban construction support fees (20.20%), and data service fees (18.64%) [2] - As of August 29, 2025, the number of shareholders decreased by 7.25% to 92,300, while the average circulating shares per person increased by 7.82% to 54,178 shares [2] Dividend and Shareholding Information - Jiangsu Cable has distributed a total of 2.075 billion yuan in dividends since its A-share listing, with 315 million yuan distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with significant increases in their holdings [3]