China Digital TV Announces Fourth Quarter and Full Year 2009 Results

BEIJING, China — China Digital TV Holding Co., Ltd. (NYSE: STV) (“China Digital TV” or the “Company”), the leading provider of conditional access (“CA”) systems to China’s expanding digital television market, announced today its unaudited financial results for the fourth quarter and full year ended December 31, 2009.

Highlights for the Fourth Quarter 2009

• China Digital TV shipped approximately 2.36 million smart cards during the fourth quarter of 2009, compared to 2.66 million and 1.96 million smart cards shipped during the fourth quarter of 2008 and the third quarter of 2009, respectively.
• According to market data collected by the Company, China Digital TV entered into 19 out of a total of 24 new contracts to install CA systems in China in the fourth quarter of 2009.
• Net revenues in the fourth quarter of 2009 were US$13.7 million, which slightly exceeded the Company’s guidance, representing an 18.8% decrease from the corresponding period in 2008 and a 13.0% increase from the third quarter of 2009.

Highlights for Full Year 2009

• China Digital TV shipped approximately 8.83 million smart cards in 2009, compared to 9.86 million smart cards shipped in 2008.
• According to market data collected by the Company, China Digital TV entered into 44 out of a total of 64 new contracts to install CA systems in China in 2009.
• Net revenues in 2009 were US$54.7 million, a 22.2% decrease from 2008.

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