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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


BEIJING, Nov 7, 2016 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or "the Company"), one of the leading providers of cloud-based application platforms and conditional access ("CA") systems which enable China's digital cable television market to offer and secure diversified content services, today announced that it will hold its annual general meeting (the "AGM") and an extraordinary general meeting of shareholders ( the "EGM") at 4/F Jingmeng High-Tech Building B, No. 5 Shangdi East Road, Haidian District, Beijing, P.R.C., on December 19, 2016 at 10:00 am and 10:30 am (Beijing time), respectively, for the purposes of considering and, if thought fit, passing the following resolutions: Holders of record of ordinary shares of the Company at the close of business on November 21, 2016 are entitled to notice of, and to vote at, the AGM and the EGM or any adjournment thereof. Holders of the Company's American depositary shares ("ADSs") who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company's ADS program, Deutsche Bank Trust Company Americas. The notice of the AGM and EGM, which sets forth the resolutions to be submitted for shareholder approval at the AGM and EGM, will be available on November 28, 2016 on the Investor Relations section of the Company's website at: http://ir.chinadtv.cn. Shareholders may request a hard copy of the Company's annual report, free of charge, by emailing ir@chinadtv.cn or by contacting: Founded in 2004, China Digital TV enables television network operators to manage, extend and diversify content services across households and public areas in China. China Digital TV is one of the leading providers of cloud-based application platforms and network broadcasting platform services to Chinese cable operators, helping them to effectively bring mobile gaming apps and other entertainment options to household television sets, and extend cable programming outside the home to any mobile device. China Digital TV is also one of the leading providers of CA systems in China's digital television market. CA systems enable television network operators to secure the delivery of content to their subscribers. The Company cooperates with nearly all of China's cable television operators. 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. 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: the occurrence of any event, change or other circumstances that could give rise to the termination of the Equity Transfer Agreement, the inability to complete the proposed Sale due to the failure to obtain shareholder approval or the failure to satisfy other conditions to completion, risks related to disruption of management's attention from China Digital TV's ongoing business operations due to the Sale, the effect of the announcement of the proposed Sale on China Digital TV's relationships with its customers, suppliers and employees, competition in the CA systems, digital television, cable television and related industries in the Peoples Republic of China ("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 CA systems, digital television, 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. This announcement is neither a solicitation of proxies, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other proxy materials that may be provided or made available to shareholders. 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-to-hold-2016-annual-general-meeting-and-an-extraordinary-general-meeting-on-december-19-2016-300358170.html


Market Research Report on Conditional Access System Market 2016 is a professional and in-depth study on the current state of the Conditional Access System worldwide. First of all, " Global Conditional Access System Market 2016 " report provides a basic overview of the Conditional Access System industry including definitions, classifications, applications and Conditional Access System industry chain structure. Major Manufacturers Covered in this report:-  Cisco Systems Orange ZTE Nagravision Verimatrix China Digital TV STMicroelectronics Wellav Technologies Beyond Broadband Technology Compunicate Technologies Ericsson Coretrust Arris Group Latens Systems Conax BS Conditional Access Systems Irdeto The analysis is provided for the Conditional Access System international market including development history, Conditional Access System industry competitive landscape analysis. After that, Conditional Access System industry development policies as well as plans are discussed and manufacturing processes as well as cost structures for Conditional Access System market. This report "Worldwide Conditional Access System Market 2016" also states import/export, supply and consumption figures and Conditional Access System market cost, price, revenue and Conditional Access System market's gross margin by regions (United States, EU, China and Japan), as well as other regions can be added in Conditional Access System Market area.   Then, the report focuses on worldwide Conditional Access System market key players with information such as company profiles with product picture as well as specification. Related information to Conditional Access System market- capacity, production, price, cost, revenue and contact information. Aslo includes Conditional Access System industry's - Upstream raw materials, equipment and downstream consumers analysis is also carried out. What’s more, the Conditional Access System market development trends and Conditional Access System industry marketing channels are analyzed. Finally, "worldwide Conditional Access System market" Analysis- feasibility of new investment projects is assessed, and overall research conclusions are offered.


News Article | February 28, 2017
Site: en.prnasia.com

BEIJING, Mar. 1, 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2016. "Last year was a meaningful year in the development of our company. Given the saturation of the Conditional Access ("CA") market and our strategic concentration on emerging and diversified opportunities, we decided to sell our traditional CA and CA related businesses," commented Mr. Jianhua Zhu, China Digital TV's chief executive officer. "For our emerging cloud business, we continued to witness solid growth momentum during 2016, primarily driven by rapid customer expansion. In particular, in the fourth quarter of 2016, we further expanded our geographic footprint to Shandong province through a partnership with Shandong Cable TV which covers over 20 million provincial users. In 2017, we will continue to optimize our operation and strengthen our involvement in our current partnerships, as well as expand into other growth opportunities." Mr. Zhenwen Liang, China Digital TV's chief financial officer, stated, "We are glad to end 2016 with robust growth in our cloud business. Additionally, in December 2016, Beijing Cyber Cloud Technology Co., Ltd. ("Cyber Cloud"), a subsidiary of China Digital TV, received a RMB33 million strategic investment for 10% equity ownership in our cloud computing business. After the capital injection, China Digital TV now maintains 58% ownership of the subsidiary's equity. Looking ahead, we are committed to developing new growth opportunities and generating further value for our shareholders." About the Sale of Beijing Super TV As referred to a press release dated January 11, 2017, the Company received the sales proceeds from the buyer through its Chinese affiliate. Beijing Super TV also completed the change of its business registration with the Beijing Administration for Industry and Commerce. The buyer is in the process of converting RMB into US dollars. As of December 31, 2016, the Company no longer controls the business of Beijing Super TV. As a result, the Company will no longer conduct CA or CA related businesses, such as smart cards. The Company will focus on emerging growth opportunities. Pursuant to the generally accepted accounting principles in the United States ("U.S. GAAP"), the Company's financial statements have reflected the effect of the discontinued operation of its CA and CA related businesses. Comparative adjustments to the historical statements of operations have also been made to provide a consistent basis of comparison for the financial results. Specifically, the operational results of the CA and CA related businesses have been excluded from the Company's financial results from continuing operations and have been separately presented under discontinued operations. China Digital TV's net revenues decreased by 34.8% to US$0.8 million from US$1.2 million in the prior year period. The decline in net revenues was primarily due to decreased revenues from system development in the fourth quarter of 2016. Cost of revenues decreased by 10.4% to US$0.6 million from US$0.7 million in the prior year period. The decline in cost of revenues was primarily due to a decrease in cost of revenues from system development in the fourth quarter of 2016. Gross profit in the fourth quarter of 2016 was US$0.2 million, as compared with US$0.5 million in the prior year period. Gross margin, which is equal to gross profit divided by net revenues, was 24.4% in the fourth quarter of 2016, compared to 45.0% in the prior year period. Operating expenses in the fourth quarter of 2016 decreased by 8.2% to US$2.9 million from US$3.2 million in the prior year period. Loss from operations in the fourth quarter of 2016 was US$2.7 million. It remained relatively stable as compared with the prior year period. Income tax expenses in the fourth quarter of 2016 decreased by 40.0% to US$0.05 million from US$0.09 million in the prior year period. Net income attributable to holders of ordinary shares in the fourth quarter of 2016 increased to US$46.3 million from US$2.3 million in the prior year period. The increase was primarily due to the gain from the sale of Beijing Super TV. Non-GAAP net income[2] attributable to holders of ordinary shares in the fourth quarter of 2016 increased to US$46.9 million from US$2.3 million in the prior year period[3]. As of December 31, 2016, China Digital TV had cash and cash equivalents, restricted cash, and term deposits totaling US$124.4 million. China Digital TV's net revenues increased by 120.2% to US$4.2 million from US$1.9 million in the prior year. The increase was primarily due to an increase in revenues from the cloud platform operations. Cost of revenues in 2016 increased by 9.9% to US$1.5 million from US$1.4 million in the prior year. Gross profit in 2016 increased by 402.0% to US$2.7 million from US$0.5 million in the prior year. Gross margin, which is equal to gross profit divided by net revenues, increased to 64.1% in 2016 from 28.1% in the prior year. The increase in gross margin was primarily due to an increase in the cloud platform operations, which have a comparatively higher margin than the Company's other continuing operations, such as system integration and system development. Operating expenses in 2016 decreased by 24.7% to US$12.1 million from US$16.1million in the prior year. Loss from operations in 2016 narrowed by 39.5% to US$9.4 million from US$15.6 million loss from operations in the prior year. Income tax expenses in 2016 decreased by 61.0% to US$0.1 million from US$0.3 million in the prior year period. Net income attributable to holders of ordinary shares in 2016 increased to US$45.4 million from US$1.5 million in the prior year. The increase was primarily due to gain from the sale of Beijing Super TV. China Digital TV's management will host an earnings conference call at 7:00 p.m. on Tuesday, February 28, 2017, U.S. Eastern Time (8:00 a.m. on Wednesday, March 1, 2017, Beijing/Hong Kong Time). A replay of the call will be available for one week between 9:00 p.m. on February 28, 2017 and March 7, 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 enables television network operators to manage, extend and diversify TV content services across households and public areas in China. Leveraging its legacy corporate relationships with China's cable television industry, China Digital TV has become a leading provider of cable TV technology which enables Chinese cable operators to offer mobile gaming apps and other entertainment content on household television sets throughout China, as well as extend cable programming outside the home to any subscriber's mobile device. 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: Non-GAAP net income attributable to holders of ordinary shares excludes certain non-cash expenses, such as share-based compensation expenses, 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. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-digital-tv-announces-unaudited-fourth-quarter-and-full-year-2016-results-300415035.html


This report studies Conditional Access System in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering  Cisco Systems  Orange  ZTE  Nagravision  Verimatrix  China Digital TV  STMicroelectronics  Wellav Technologies  Ericsson  Arris Group Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Conditional Access System in these regions, from 2011 to 2021 (forecast), like  North America  Europe  China  Japan  Korea  Taiwan Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into  Type I  Type II  Type III Split by application, this report focuses on consumption, market share and growth rate of Conditional Access System in each application, can be divided into  Application 1  Application 2  Application 3 1 Conditional Access System Market Overview  1.1 Product Overview and Scope of Conditional Access System  1.2 Conditional Access System Segment by Type  1.2.1 Global Production Market Share of Conditional Access System by Type in 2015  1.2.2 Type I  1.2.3 Type II  1.2.4 Type III  1.3 Conditional Access System Segment by Application  1.3.1 Conditional Access System Consumption Market Share by Application in 2015  1.3.2 Application 1  1.3.3 Application 2  1.3.4 Application 3  1.4 Conditional Access System Market by Region  1.4.1 North America Status and Prospect (2011-2021)  1.4.2 Europe Status and Prospect (2011-2021)  1.4.3 China Status and Prospect (2011-2021)  1.4.4 Japan Status and Prospect (2011-2021)  1.4.5 Korea Status and Prospect (2011-2021)  1.4.6 Taiwan Status and Prospect (2011-2021)  1.5 Global Market Size (Value) of Conditional Access System (2011-2021) 2 Global Conditional Access System Market Competition by Manufacturers  2.1 Global Conditional Access System Production and Share by Manufacturers (2015 and 2016)  2.2 Global Conditional Access System Revenue and Share by Manufacturers (2015 and 2016)  2.3 Global Conditional Access System Average Price by Manufacturers (2015 and 2016)  2.4 Manufacturers Conditional Access System Manufacturing Base Distribution, Sales Area and Product Type  2.5 Conditional Access System Market Competitive Situation and Trends  2.5.1 Conditional Access System Market Concentration Rate  2.5.2 Conditional Access System Market Share of Top 3 and Top 5 Manufacturers  2.5.3 Mergers & Acquisitions, Expansion 3 Global Conditional Access System Production, Revenue (Value) by Region (2011-2016)  3.1 Global Conditional Access System Production by Region (2011-2016)  3.2 Global Conditional Access System Production Market Share by Region (2011-2016)  3.3 Global Conditional Access System Revenue (Value) and Market Share by Region (2011-2016)  3.4 Global Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016)  3.5 North America Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016)  3.6 Europe Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016)  3.7 China Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016)  3.8 Japan Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016)  3.9 Korea Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016)  3.10 Taiwan Conditional Access System Production, Revenue, Price and Gross Margin (2011-2016) 4 Global Conditional Access System Supply (Production), Consumption, Export, Import by Regions (2011-2016)  4.1 Global Conditional Access System Consumption by Regions (2011-2016)  4.2 North America Conditional Access System Production, Consumption, Export, Import by Regions (2011-2016) 4.3 Europe Conditional Access System Production, Consumption, Export, Import by Regions (2011-2016)  4.4 China Conditional Access System Production, Consumption, Export, Import by Regions (2011-2016)  4.5 Japan Conditional Access System Production, Consumption, Export, Import by Regions (2011-2016)  4.6 Korea Conditional Access System Production, Consumption, Export, Import by Regions (2011-2016)  4.7 Taiwan Conditional Access System Production, Consumption, Export, Import by Regions (2011-2016) 7 Global Conditional Access System Manufacturers Profiles/Analysis  7.1 Cisco Systems  7.1.1 Company Basic Information, Manufacturing Base and Its Competitors  7.1.2 Conditional Access System Product Type, Application and Specification  7.1.2.1 Type I  7.1.2.2 Type II  7.1.3 Cisco Systems Conditional Access System Production, Revenue, Price and Gross Margin (2015 and 2016)  7.1.4 Main Business/Business Overview  7.2 Orange  7.2.1 Company Basic Information, Manufacturing Base and Its Competitors  7.2.2 Conditional Access System Product Type, Application and Specification  7.2.2.1 Type I  7.2.2.2 Type II  7.2.3 Orange Conditional Access System Production, Revenue, Price and Gross Margin (2015 and 2016)  7.2.4 Main Business/Business Overview  7.3 ZTE  7.3.1 Company Basic Information, Manufacturing Base and Its Competitors  7.3.2 Conditional Access System Product Type, Application and Specification  7.3.2.1 Type I  7.3.2.2 Type II  7.3.3 ZTE Conditional Access System Production, Revenue, Price and Gross Margin (2015 and 2016)  7.3.4 Main Business/Business Overview  7.4 Nagravision  7.4.1 Company Basic Information, Manufacturing Base and Its Competitors  7.4.2 Conditional Access System Product Type, Application and Specification  7.4.2.1 Type I  7.4.2.2 Type II


BEIJING, Nov. 7, 2016 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or "the Company"), one of the leading providers of cloud-based application platforms and conditional access ("CA") systems which enable China's digital cable television market to offer...


BEIJING, Dec. 19, 2016 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of cloud-based application platforms and conditional access ("CA") systems which enable China's digital cable television market to offer and...


BEIJING, Nov 3, 2016 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of cloud-based application platforms and conditional access ("CA") systems which enable China's digital cable television market to offer and secure diversified content services, today announced that it will report its unaudited financial results for the third quarter of 2016 after market close on Tuesday, November 15, 2016. China Digital TV's management will host an earnings conference call at 7:00 p.m. on Tuesday, November 15, 2016, U.S. Eastern Time (8:00 a.m. on Wednesday, November 16, 2016, Beijing/Hong Kong Time). A replay of the call will be available for one week between 10:00 p.m. on November 15, 2016 and November 22, 2016, 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 enables television network operators to manage, extend and diversify content services across households and public areas in China. China Digital TV is the leading provider of cloud-based application platforms and network broadcasting platform ("NBP") services to Chinese cable operators, helping them to effectively bring mobile gaming apps and other entertainment options to household television sets, and extend cable programming outside the home to any mobile device. China Digital TV is also the leading provider of Conditional Access ("CA") systems in China's digital television market. CA systems enable television network operators to secure the delivery of content to their subscribers. The Company has existing cooperation with nearly all of China's cable television operators. 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-to-announce-third-quarter-2016-financial-results-on-november-15-2016-300355753.html


News Article | February 28, 2017
Site: www.prnewswire.com

BEIJING, Feb. 28, 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 its unaudited...


News Article | November 3, 2016
Site: www.prnewswire.com

BEIJING, Nov. 3, 2016 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of cloud-based application platforms and conditional access ("CA") systems which enable China's digital cable television market to offer and...

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