Jiangsu Radio and Television Cable Information Network Co., Ltd., the largest cable network company in China, was listed on the Shanghai Stock Exchange from 2065438 to April 28, 2005, which is another great achievement in the reform of cultural system and the development of cultural industry in our province. Cao, member of the Standing Committee of the Provincial Party Committee, Minister of Propaganda and Vice Governor, knocked gong for listing. Jiangsu Cable (600959, Guba) is referred to as "Jiangsu Cable" for short, and the stock code is 600959. The scale of this public offering is 597 million shares, the issue price is 5.47 yuan/share, and the total amount of funds raised is 3.26 billion yuan. The raised funds will be invested in three sectors: first, the further integration of county-level radio and television networks in the province (60083 1, stock bar), second, the construction of the next generation radio and television network NGB, and third, the integration of new media and traditional media. The traditional video transmission service of radio and television network will be combined with the new media service, extending to the upstream and downstream of the industrial chain. Jiangsu Cable is a provincial-level backbone cultural enterprise established by the provincial party committee and the provincial government in accordance with the spirit of the central cultural system reform and on the basis of integrating the resources of the province's radio and television network. It has 2 1 10,000 cable TV users, realizing "one province and one network in the whole province" and being selected as "Top 30 National Cultural Enterprises" for five consecutive years. At present, with the help of the capital market, we are striving to realize the transformation from a network transmission provider to an integrated information service provider. Gu Hande, chairman of Jiangsu Cable, said that landing in the capital market has enabled Jiangsu Cable to plug in the wings of finance and technology. In the future, the company will operate the radio and television network with Internet thinking, organically combine scientific and technological innovation with capital integration, and be healthier and more ambitious with two wings of Qi Fei.