CCID Consulting posts loss in first half

Beijing, 23rd August: Earlier this week, CCID Consulting, a research and information service provider in China, announced its financial results for the first half of 2022. Revenues were US$11 million, down 25% year-on-year. The company posted a loss of US$2.0 million in the first half of 2022, compared with a profit of US$2.2 million in the first half of 2021.

The company attributed the decrease in revenues to the stifling effect of China’s COVID-19 restrictions.