China Digital TV Holding, Co. Ltd. (NYSE: STV) generated US$55.8 million in net revenue, up 82 percent year-on-year, and net income of US$33.8 million, up 160.3 percent year-on-year, for the fiscal year of 2007. In the fourth quarter, China Digital TV booked $19.7 million in total revenue, up 36.4 percent quarter-on-quarter, and net income of $12.9 million, an increase of 46.5 percent from the third quarter. The company shipped 2.6 million smart cards in the three month period for a quarterly increase of 37.6 percent. China Digital TV is projecting first quarter 2008 net revenue between $15 million and $17 million and net revenues for the full year between $79 million and $84 million.