Beijing, 7th August: Last week, CCID Consulting, a research and information service provider in China, announced its financial results for the first half of 2020. Revenue dropped 54% year-on-year, down to US$5.7 million. The company posted a loss of US$1.5 million in the six-month period compared with a profit of US$1.1 million in the first half of 2019.

CCID’s largest business segment, management & strategy consultancy services, generated about 48% of total revenues amounting to US$2.7 million. This business segment decreased by 63% year-on-year. The second largest business segment was its information engineering supervision services, which generated revenues of US$1.9 million, accounting for 34% of total revenues and representing a drop of 51%. The remaining revenues were from its market consultancy services (US$1.01 million), which increased by 2.6%.