CCID’s revenues up 33% in first nine months

Beijing, 8th November: Recently, CCID Consulting, an IT research and information service provider based in China and listed in Hong Kong, released its financial results for the nine months ended 30th September 2019. Revenues for the period were US$19 million. This represents a 33% year-on-year increase. Net profits in the first nine months of the year grew 25% reaching US$3.1 million. Earnings per share in the period were RMB 0.0316 (US$0.0044).

The Beijing-based company attributed the increases in revenues and profits to growth in new business areas, progress in its digital transformation initiative, and improvements in the branding and positioning of its consultancy services.