CCID Consulting’s profit jumps 77% in 2018

Beijing, 22nd March: CCID Consulting, an IT research and information service provider in China, recently announced its financial results for the year ended 31st December 2018. The company reported that its revenues increased by 24% reaching US$24 million. Net profit in the year was US$4.9 million – representing growth of 77% compared with the same figure in 2017. Diluted earnings per share in 2018 were RMB 0.041 (US$0.0060).

About 53% of CCID’s revenues were generated from its management & strategic consultancy services amounting to US$13 million. The second largest business segment was CCID’s information engineering supervision services, accounting to 35% of total revenues or US$8.6 million. The remaining revenues were generated from CCID’s market consultancy services (US$1.6 million) and other services (US$1.2 million).