China Digital TV Holding Co., Ltd. (STV)

Q3 2011 Earnings Call

November 22, 2011 7:00 p.m. EST


Dong Li – President and Chief Marketing Officer

Nan Hao – Head of IR

Zhenwen Liang – CFO


Philip Wan – Morgan Stanley

Mike Olson – Piper Jaffray



Good evening and thank you for standing by for China Digital TV’s third quarter 2011 earnings conference call. At this time, all participants are in listen-only mode. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference is being recorded. If you have any objections you may disconnect at this time. I would now like to turn the meeting over to your host for today’s conference, Ms. Cynthia He.

Cynthia He – Brunswick Group

Hello everyone and welcome to China Digital TV’s third quarter 2011 earnings conference call. The company’s earnings results were released earlier today, and are available on the company’s IR website at, as well as on newswire services.

Today, you will hear from Mr. Dong Li, China Digital TV’s president, who will give an overview of the quarter, followed by the Company’s head of investor relations, Mr. Nan Hao, who will discuss financial results. After their prepared remarks, they will be joined by China Digital TV’s chief financial officer, Mr. Zhenwen Liang, to answer your questions.

Before we continue, please note that the discussion today will contain certain forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today.

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