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China Digital TV Holding Management Discusses Q4 2010 Results - Q&A Transcript

Eric Yuan

Sure. Okay. I will also let our President to answer this question.

Dong Li

[Interpreted] The first quarter shipment will be relatively more.

For the full year of 2011 we expect the card shipment to be in the range of 500,000 to 600,000 and but the [inaudible] will be we think will the momentum will start from the second half.

Okay. For the standard definition format chip, we expect the average selling price will be between RMB90 to RMB100 and for the format of the high definition, we expect we can have higher FD margins.

Okay. So, the gross margin will be lower than that of smart cards. We expect it could be about 50%. Thanks.

Philip Wan – Morgan Stanley

Thank you.

Dong Li

Thank you.

Eric Yuan

Operator next question please.


Please proceed, caller with your question from Globus Capital.

Henry Fraser

Hello, anybody have any questions?


We have one question from the line of Jie Liu of Auriga, USA. Please proceed, ma’am.

Jie Liu – Auriga

Okay. I am a guy, by the way. Hi, good morning everybody, a very good quarter and very good guidance. A few questions, the first one is yield for your ship in the guidance for 2011, did you include any international shipments and does the guidance include your chip solutions also?

Eric Yuan

Okay. Thank you, Jie. First of all we do not actually issue any formal guidance for the full year 2011. And in our earnings release, we’ve said we made the shipments in line with 2010 level that’s our actually preliminary forecast, but that’s another formal guidance. But anyway, I would let Mr. Li to give you some more color on [inaudible] rates.

Dong Li

[Foreign Language]

Eric Yuan

Yes. It is already included.

Jie Liu – Auriga

Okay. In that case, could you give us a ballpark estimate of your international shipments in 2011?

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