CCID’s revenues jumps 97% 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 2020. Revenues were US$15 million, rising 97% year-on-year. The company posted a profit of US$2.2 million for the six-month period versus a loss of US$1.5 million during the same period in 2020. Diluted earnings per share were RMB 0.0227 (US$0.0035).

Almost half of CCID’s revenues were generated from its management and strategy consultancy services, which amounted to US$7.3 million and represented an increase of 75% year-on-year. The second largest business segment was the company’s information engineering supervision services, which generated revenues of US$4.2 million, accounting for 29% of total revenue and representing growth of 96%. The remaining revenues were contributed by market consultancy services (US$2.7 million) and other services (US$407,000).