CCID’s profits up 26%

Beijing, 28th March: CCID Consulting, a research and information service provider in China, recently announced its financial results for 2024. Revenues were US$41 million, up 8.5% year-on-year. The company’s net profit grew 26%, amounting to US$11 million. Earnings per share in the year were RMB 0.1109 (US$0.015).

More than 56% of CCID’s revenues were generated from its decision-making consulting services, amounting to US$23 million. This segment increased by 5.5% year-on-year. Its second largest business segment was its science and technology innovation platform services, generating revenues of US$13 million which accounts for 31% of the company’s total revenues. This segment posted an increase of 9.1% year-on-year. The remaining revenues were generated from its data platform services (US$5.3 million), which rose 22% over the previous year.

The company has implemented its Business 3.0 strategy, promoting the innovative integrated services of “Research + Consulting + Implementation” and digital empowerment services, exploring the business layout under the 15th Five-Year Plan, and enhancing its brand influence. In the coming year, the company will continue to develop and solidify its Business 3.0 strategy, focusing on the two major customer groups, exploring new growth in both the government and enterprise sectors, and continuing to enhance its technological attributes.