Haidian, China
SEARCH FILTERS
Time filter
Source Type

News Article | April 21, 2017
Site: en.prnasia.com

BEIJING, April 22, 2017 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), a leading provider of cable TV technology which enables China's cable TV and IPTV markets to offer diversified TV content services, today announced that it has filed its annual report for the fiscal year ended December 31, 2016 on Form 20-F with the U.S. Securities and Exchange Commission on April 21, 2017. The 2016 Form 20-F can be accessed on China Digital TV's investor relations website at http://ir.chinadtv.cn. Shareholders may also request a hard copy of the Company's complete audited financial statements, free of charge, by contacting the Company at ir@chinadtv.cn . Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. For investor and media inquiries, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-digital-tv-announces-filing-of-2016-annual-report-on-form-20-f-300443693.html


News Article | May 18, 2017
Site: www.prnewswire.com

The Company has a right to a review, by a committee of the Board of Directors of the NYSE, of the NYSE delisting determination. The Company presently intends to exercise this right and appeal the NYSE's decision to delist its shares. While the Company does intend to appeal the determination, it is also now actively seeking other alternative listing arrangements and will announce those arrangements once they are finalized. During the appeal period and as alternative listing arrangements are put in place, the Company intends to continue to communicate all material developments to its shareholders through normal channels, such as SEC filings and press releases. The Company emphasizes that current shareholder ownership rights remain in place and all shareholders retain rights of ownership in China Digital TV. Most importantly, the Company remains fully focused on and committed to improving its ongoing operations. As highlighted in the recent first quarter earnings announcement on May 16, 2017 ("First Quarter Earnings"), the Company is making progress on increasing users, expanding its geographic footprint, and further diversifying its content offerings in the cloud business. Further, the Board of Directors is continuing to review potential opportunities to acquire new operating businesses or assets to further enhance operations. As announced when the Company reported First Quarter Earnings, the Board of Directors declared a special cash dividend of US$1.50 per ordinary share on April 21, 2017. The aggregate amount of cash dividend to be paid approximates US$90 million. Shareholders of record as of the close of business on May 31, 2017, U.S. Eastern Daylight Time, will be eligible to receive the dividend. The payment date of this special cash dividend is expected to be on or about June 15, 2017. The funds for the dividend, all of which have been received by the Company, will come from the proceeds previously received from the Beijing Super TV sale, after certain foreign currency exchange procedures are completed. So far, the Company's offshore account has received a portion of the proceeds in US dollars equivalent to 100 million Renminbi. The remaining proceeds are still in the procedures of currency exchange from Renminbi to US dollars. If the Company is unable to pay the dividend on June 15, 2017 due to the ongoing foreign currency conversion procedures, the Company commits to update the market with a new special dividend payment date as soon as possible. The Company does not believe the delisting process will impact the payment of this dividend to shareholders. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the cloud computing, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-digital-tv-receives-notice-of-delisting-from-the-new-york-stock-exchange-300460399.html


News Article | July 20, 2017
Site: www.prnewswire.com

The Company will respond to the NYSE to confirm its intent to regain compliance with the NYSE continued-listing standard identified in its notice within the required period. The Company will actively monitor its stock price and evaluate all available options to resolve the deficiency. The Company previously announced on July, 5 that it has appealed the NYSE Staff's commencement of delisting proceedings, which focus on the Company's compliance with other listing standards. The Company remains subject to all NYSE listing standards while that appeal is pending and it will be heard in October. The NYSE notification does not affect the Company's business operations or its SEC reporting requirements. The Company's stock has been trading on the OTC market under the ticker symbol "STVVY" since the NYSE suspended trading in May 2017. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" "committed to" "intent" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the Company's intent to regain compliance with NYSE listing standards. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact:


News Article | July 20, 2017
Site: en.prnasia.com

BEIJING, July 20, 2017 /PR Newswire/ -- China Digital TV Holding Co., Ltd. (OTC: STVVY) ("China Digital TV" or the "Company"), a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, today announced that it received notification on July 10, 2017, from New York Stock Exchange ("NYSE"), that the average trading price of China Digital TV's common stock had fallen below the NYSE's continued listing standard. The NYSE requires the average closing price of a security to be no less than US$1.00 per share over a consecutive 30-trading-day period. As of July 6, 2017, the 30-trading-day average closing price per share of the Company's common stock was US$0.97. In accordance with the NYSE's rules, the Company has a period of six months following receipt of the NYSE notice to bring its 30-trading-day average share price back to a minimum of US$1.00. The Company will respond to the NYSE to confirm its intent to regain compliance with the NYSE continued-listing standard identified in its notice within the required period. The Company will actively monitor its stock price and evaluate all available options to resolve the deficiency. The Company previously announced on July, 5 that it has appealed the NYSE Staff's commencement of delisting proceedings, which focus on the Company's compliance with other listing standards. The Company remains subject to all NYSE listing standards while that appeal is pending and it will be heard in October. The NYSE notification does not affect the Company's business operations or its SEC reporting requirements. The Company's stock has been trading on the OTC market under the ticker symbol "STVVY" since the NYSE suspended trading in May 2017. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" "committed to" "intent" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the Company's intent to regain compliance with NYSE listing standards. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact:


News Article | August 1, 2017
Site: www.prnewswire.com

A replay of the call will be available for one week between 9:00 p.m. on August 10, 2017 and August 17, 2017, U.S. Eastern Time. Additionally, a live and archived webcast of this call will be available on the Investor Relations section of China Digital TV's corporate website at http://ir.chinadtv.cn. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. For investor and media inquiries, please contact:


BEIJING, Aug. 1, 2017 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (OTC: STVVY) ("China Digital TV" or the "Company"), a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, today announced that it will report its unaudited financial results for the second quarter of 2017 after market close on Thursday, August 10, 2017. China Digital TV's management will host an earnings conference call at 8:00 p.m. on Thursday, August 10, 2017, U.S. Eastern Time (8:00 a.m. on Friday, August 11, 2017, Beijing/Hong Kong Time). A replay of the call will be available for one week between 9:00 p.m. on August 10, 2017 and August 17, 2017, U.S. Eastern Time. Additionally, a live and archived webcast of this call will be available on the Investor Relations section of China Digital TV's corporate website at http://ir.chinadtv.cn. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. For investor and media inquiries, please contact:


News Article | August 10, 2017
Site: en.prnasia.com

BEIJING, Aug. 11, 2017 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (OTC: STVVY) ("China Digital TV" or the "Company"), a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, today announced its unaudited financial results for the second quarter ended June 30, 2017. Mr. Jianhua Zhu, China Digital TV's chief executive officer commented, "We experienced solid progress in the second quarter of 2017 as both our registered and covered user counts maintained growth momentum, primarily driven by our ability to effectively leverage our expanded geographic footprint. We were also pleased with our business development efforts in content diversification and product innovation during the quarter. To ensure steady future growth, we will continue to strategically focus on user base expansion, further content diversification, and brand recognition in order to enhance the paid user conversion rate. Furthermore, we will continue to evaluate opportunities for innovative business expansion and potential asset acquisitions. We remain committed to driving further growth of our business and creating value for our shareholders going forward." Mr. Zhenwen Liang, China Digital TV's chief financial officer, stated, "In the second quarter of 2017, the number of covered users on our cloud platform increased to 160 million. The growth was primarily attributable to the partnership we established with Taiyuan Radio and Television, enabling our expansion into the Shanxi province. We continue to evolve our strategic focus and positioning to maximize the performance of our operations and are confident we will further solidify our position as China's leading provider of cloud platforms." As previously disclosed, China Digital TV received notification on July 10, 2017 from New York Stock Exchange ("NYSE") that the average trading price of its common stock had fallen below the NYSE's continued listing standard. The Company has responded to the NYSE to confirm its intent to regain compliance within the required period. The Company will actively monitor its stock price and evaluate all available options to resolve the deficiency and other listing standards that the Company may be in risk of non-compliance. Also announced previously, the Company has appealed the NYSE's commencement of its delisting proceedings, which focus on its compliance with other listing standards related to lack of operating assets. The Company remains subject to all NYSE listing standards while that appeal is pending. The NYSE is currently scheduled to hold an appeal hearing in October 2017. The NYSE notification does not affect the Company's business operations or its SEC reporting requirements. The Company's stock has been trading on the OTC market under the ticker symbol "STVVY" since the NYSE suspended trading in May 2017. China Digital TV's net revenues increased by 34.5% to US$1.3 million from US$0.9 million in the prior year period. The increase in net revenues was primarily due to the increased product revenues during the quarter. Cost of revenues increased by 125.0% to US$0.7 million from US$0.3 million in the prior year period. The increase in cost of revenues was primarily due to the increase of net revenues in the second quarter of 2017. Gross profit in the second quarter of 2017 was US$0.6 million, which was slightly lower than the prior year period. Gross margin, which is equal to gross profit divided by net revenues, was 47.9% in the second quarter of 2017, as compared with 68.9% in the prior year period. The decline in gross margin was mainly due to an increased proportion of revenues from products during the quarter, which have a relative lower gross margin than services. Operating expenses in the second quarter of 2017 decreased by 13.3% to US$2.3 million from US$2.6 million in the prior year period. Loss from continuing operations in the second quarter of 2017 decreased by 15.5% to US$1.7 million from US$2.0 million in the prior year period. Income tax expenses in the second quarter of 2017 was US$0.05 million, as compared with an income tax benefit of US$0.03 million in the prior year period. Net loss attributable to China Digital TV Holding Co., Ltd in the second quarter of 2017 decreased to US$0.9 million from US$1.6 million in the prior year period. The decrease was primarily due to a combination of decreased operating expenses and increased interest income. Non-GAAP net loss[2] attributable to China Digital TV Holding Co., Ltd in the second quarter of 2017 was US$0.7 million, as compared to net income of US$2.4 million in the prior year period[3]. As of June 30, 2017, China Digital TV had cash and cash equivalents and term deposits totaling US$27.6 million, as compared to US$125.5 million as of March 31, 2017. The decrease was primarily due to the payment of a special dividend of US$1.5 per ordinary share, representing a total cash dividend paid in June 2017 of US$100.3 million. China Digital TV's management will host an earnings conference call at 8:00 p.m. on Thursday, August 10, 2017, U.S. Eastern Time (8:00 a.m. on Friday, August 11, 2017, Beijing/Hong Kong Time). A replay of the call will be available for one week between 9:00 p.m. on August 10, 2017 and August 17, 2017, U.S. Eastern Time. Additionally, a live and archived webcast of this call will be available on the Investor Relations section of China Digital TV's corporate website at http://ir.chinadtv.cn. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the cloud computing, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact: [1]Unless otherwise stated, all financial statement measures stated in this press release are based on generally accepted accounting principles in the United States ("U.S. GAAP"). [2] Non-GAAP net loss is defined as net loss excluding share-based compensation expenses, and amortization of acquired intangible assets from business acquisitions. [3] For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures" set forth at the end of this release. Non-GAAP net income attributable to China Digital TV Holding Co., Ltd. shareholders excludes share-based compensation expenses, and amortization of intangible assets acquired from business acquisitions. The Company believes that the Non-GAAP net income provides meaningful supplemental information regarding the Company's performance by excluding certain non-cash expenses that may not be indicative of its operating performance from a cash flow perspective. The Company believes that both management and investors benefit from referring to this additional information in assessing the Company's performance and when planning and forecasting future periods. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.


News Article | August 10, 2017
Site: www.prnewswire.com

Mr. Jianhua Zhu, China Digital TV's chief executive officer commented, "We experienced solid progress in the second quarter of 2017 as both our registered and covered user counts maintained growth momentum, primarily driven by our ability to effectively leverage our expanded geographic footprint. We were also pleased with our business development efforts in content diversification and product innovation during the quarter. To ensure steady future growth, we will continue to strategically focus on user base expansion, further content diversification, and brand recognition in order to enhance the paid user conversion rate. Furthermore, we will continue to evaluate opportunities for innovative business expansion and potential asset acquisitions. We remain committed to driving further growth of our business and creating value for our shareholders going forward." Mr. Zhenwen Liang, China Digital TV's chief financial officer, stated, "In the second quarter of 2017, the number of covered users on our cloud platform increased to 160 million. The growth was primarily attributable to the partnership we established with Taiyuan Radio and Television, enabling our expansion into the Shanxi province. We continue to evolve our strategic focus and positioning to maximize the performance of our operations and are confident we will further solidify our position as China's leading provider of cloud platforms." As previously disclosed, China Digital TV received notification on July 10, 2017 from New York Stock Exchange ("NYSE") that the average trading price of its common stock had fallen below the NYSE's continued listing standard. The Company has responded to the NYSE to confirm its intent to regain compliance within the required period. The Company will actively monitor its stock price and evaluate all available options to resolve the deficiency and other listing standards that the Company may be in risk of non-compliance. Also announced previously, the Company has appealed the NYSE's commencement of its delisting proceedings, which focus on its compliance with other listing standards related to lack of operating assets. The Company remains subject to all NYSE listing standards while that appeal is pending. The NYSE is currently scheduled to hold an appeal hearing in October 2017. The NYSE notification does not affect the Company's business operations or its SEC reporting requirements. The Company's stock has been trading on the OTC market under the ticker symbol "STVVY" since the NYSE suspended trading in May 2017. China Digital TV's net revenues increased by 34.5% to US$1.3 million from US$0.9 million in the prior year period. The increase in net revenues was primarily due to the increased product revenues during the quarter. Cost of revenues increased by 125.0% to US$0.7 million from US$0.3 million in the prior year period. The increase in cost of revenues was primarily due to the increase of net revenues in the second quarter of 2017. Gross profit in the second quarter of 2017 was US$0.6 million, which was slightly lower than the prior year period. Gross margin, which is equal to gross profit divided by net revenues, was 47.9% in the second quarter of 2017, as compared with 68.9% in the prior year period. The decline in gross margin was mainly due to an increased proportion of revenues from products during the quarter, which have a relative lower gross margin than services. Operating expenses in the second quarter of 2017 decreased by 13.3% to US$2.3 million from US$2.6 million in the prior year period. Loss from continuing operations in the second quarter of 2017 decreased by 15.5% to US$1.7 million from US$2.0 million in the prior year period. Income tax expenses in the second quarter of 2017 was US$0.05 million, as compared with an income tax benefit of US$0.03 million in the prior year period. Net loss attributable to China Digital TV Holding Co., Ltd in the second quarter of 2017 decreased to US$0.9 million from US$1.6 million in the prior year period. The decrease was primarily due to a combination of decreased operating expenses and increased interest income. Non-GAAP net loss[2] attributable to China Digital TV Holding Co., Ltd in the second quarter of 2017 was US$0.7 million, as compared to net income of US$2.4 million in the prior year period[3]. As of June 30, 2017, China Digital TV had cash and cash equivalents and term deposits totaling US$27.6 million, as compared to US$125.5 million as of March 31, 2017. The decrease was primarily due to the payment of a special dividend of US$1.5 per ordinary share, representing a total cash dividend paid in June 2017 of US$100.3 million. China Digital TV's management will host an earnings conference call at 8:00 p.m. on Thursday, August 10, 2017, U.S. Eastern Time (8:00 a.m. on Friday, August 11, 2017, Beijing/Hong Kong Time). A replay of the call will be available for one week between 9:00 p.m. on August 10, 2017 and August 17, 2017, U.S. Eastern Time. Additionally, a live and archived webcast of this call will be available on the Investor Relations section of China Digital TV's corporate website at http://ir.chinadtv.cn. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the cloud computing, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact: [1]Unless otherwise stated, all financial statement measures stated in this press release are based on generally accepted accounting principles in the United States ("U.S. GAAP"). [2] Non-GAAP net loss is defined as net loss excluding share-based compensation expenses, and amortization of acquired intangible assets from business acquisitions. [3] For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures" set forth at the end of this release. Non-GAAP net income attributable to China Digital TV Holding Co., Ltd. shareholders excludes share-based compensation expenses, and amortization of intangible assets acquired from business acquisitions. The Company believes that the Non-GAAP net income provides meaningful supplemental information regarding the Company's performance by excluding certain non-cash expenses that may not be indicative of its operating performance from a cash flow perspective. The Company believes that both management and investors benefit from referring to this additional information in assessing the Company's performance and when planning and forecasting future periods. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.


News Article | June 7, 2017
Site: www.prnewswire.com

OTC Market uses the due-bills procedure for the Company's special cash dividend. The ex-dividend date is expected to be on or about June 16, 2017. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the cloud computing, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-digital-tv-announces-update-on-special-cash-dividend-to-shareholders-300470108.html


News Article | June 7, 2017
Site: en.prnasia.com

BEIJING, June 7, 2017 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (OTC: STVVY) ("China Digital TV" or the "Company"), a leading provider of cable TV technology that enables China's cable TV and IPTV markets to offer diversified TV content services, today announced updates on the special cash dividend that the Company announced on April 21, 2017. As of June 2, 2017, the Company received the remaining sale proceeds in US dollars of its interests in Beijing Super TV Co., Ltd. As addressed in a press release dated April 21, 2017, the sale proceeds will fund the dividend payment. The Company expects to pay the dividend to shareholders on or about June 15, 2017, as initially indicated in a press release dated May 16, 2017. Shareholders of record as of the close of business on May 31, 2017, U.S. Eastern Daylight Time, will be eligible to receive the dividend. OTC Market uses the due-bills procedure for the Company's special cash dividend. The ex-dividend date is expected to be on or about June 16, 2017. Founded in 2004, China Digital TV is a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, enabling them to bring these applications to household television sets and other mobile devices. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. This announcement contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  Such forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "may," "should" and similar expressions. Such forward-looking statements include, without limitation, statements regarding the outlook and comments by management in this announcement about trends in the cloud computing, cable television and related industries in the PRC and China Digital TV's strategic and operational plans and future market positions. China Digital TV may also make forward-looking statements in its periodic reports filed with the Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China Digital TV's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from projections contained or implied in any forward-looking statement, including but not limited to the following: competition in the cloud computing, cable television and related industries in the PRC and the impact of such competition on prices, our ability to implement our business strategies, changes in technology, the progress of the television digitalization in the PRC, the structure of the cable television industry or television viewer preferences, changes in PRC laws, regulations or policies with respect to the cloud computing, cable television and related industries, including the extent of non-PRC companies' participation in such industries, and changes in political, economic, legal and social conditions in the PRC, including the government's policies with respect to economic growth, foreign exchange and foreign investment. Further information regarding these and other risks and uncertainties is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. China Digital TV does not assume any obligation to update any forward-looking statements, which apply only as of the date of this press release. For investor and media inquiries, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-digital-tv-announces-update-on-special-cash-dividend-to-shareholders-300470108.html

Loading China Digital TV collaborators
Loading China Digital TV collaborators