China Digital TV Holding Co., Ltd. ( STV) Q2 2011 Earnings Call August 15, 2011 8:00 PM ET Executives Dong Li – President and Chief Marketing Officer Nan Hao – Senior Supervisor, IR Analysts Mike Olson – Piper Jaffray Philip Wan – Morgan Stanley Questio n -and - Answer Session Operator: (Operator Instructions). Our first question comes from Mike Olson with Piper Jaffray. Please proceed. Mike Olson – Piper Jaffray
Previous Statements by STV
» China Digital's Management Discusses Q1 2011 Results - Earnings Call Transcript
» China Digital TV Holding Management Discusses Q4 2010 Results - Earnings Call Transcript
» China Digital TV CEO Discusses Q3 2010 Results - Earnings Call Transcript
» China Digital Management Discusses Q2 2010 Results - Earnings Call Transcript
Mike Olson – Piper JaffrayThank you. Nan Hao Hello, all right. Operator (Operator Instructions). Our next question comes from Philip Wan with Morgan Stanley. Please proceed. Philip Wan – Morgan Stanley Good Mr. Li, Mr. Hao and Mr. Liang, thanks for taking my question. Given the strong smart card shipment in the second quarter and the increasing demand from some provinces as you mentioned, could you share with us your expectations for the smart card shipment for the remaining of this year and also is there any target mandated by the Chinese government for this year or next year? Thank you. Dong Li (Foreign Language - Chinese) Operator (Operator Instructions) Nan Hao So before the call was dropped company’s President Mr. Li was in the middle of explaining second half shipment and government target for the second half of the year. I will turn the call back to Mr. Li, he can finish his answers. Dong Li (Foreign Language - Chinese) Nan Hao Hi Philip, I will answer the questions. For your first question we only forecast the third quarter card shipments from 4.5 million to 4.7 million and we have no plan to forecast the last quarter of the card shipments of the last quarter of this year. For your second question currently we don’t have any – heard any news from the government in regard of the card shipments digitalization policies target and we are still on the processing of the card shipments digitalization by the end of 2015. Hello, Philip. Hello. Operator I believe Philip is out of the queue. Philip has just joined again, we will go ahead join him back Philip Wan – Morgan Stanley Hello, can you hear me. Nan Hao Hello, Philip. Philip Wan – Morgan Stanley Yes, can you hear me? Nan Hao Philip do you have any another questions.
Philip Wan – Morgan StanleyYes, I do have a follow-up question regarding your new business what is your progress for your integrated chip solution? Nan Hao So you mean the all-in one chip, sorry. Philip Wan – Morgan Stanley Yes, and has it been included in your sales guidance for the third quarter? Nan Hao Okay. I will ask Mr. Li to answer this question. Philip Wan – Morgan Stanley Thank you. Unidentified Company Representative (Foreign Language - Chinese) Dong Li And Philip, I will answer the first question of yours. Basically for our OEM (ph) chips, we plan to have 30,000 or OEM chips will be trialed in different cities and currently for this OEM chips is still under technology verification in cable operator side and actually technology verification we are trying to have cooperation with cable operators to release this all-in one chips to the market and for your second question we will ask Mr. Li to answer your question. Unidentified Company Representative (Foreign Language - Chinese) Dong Li The forecast of the third quarter does not include any all-in chips cost or chip shipment. Philip Wan – Morgan Stanley Okay, thank you for your answer. Dong Li Okay, thanks Philip. Operator (Operator Instructions) We are now approaching the end of the conference call. I would now turn the call over to China Digital TV’s Head of Investor Relations, Nan Hao, for closing remarks. Nan Hao Once again thank you for joining us today and please don’t hesitate to contact us if you have any further questions. Thank you. Operator Thank you for your participation in today’s conference. This concludes the presentation. You may now disconnect. Good day. Read the rest of this transcript for free on seekingalpha.com