CCID Consulting’s profit jumps 58%

Beijing, 22nd March: Last week, CCID Consulting, an IT research and information service provider in China, released its financial results for the year ended 31st December 2017. The company reported that its revenues increased by 10% reaching US$23 million. Net profit in the year was US$3.6 million – representing growth of 58% compared with the previous year. Diluted earnings per share in 2017 were RMB 0.028 (US$0.0043).

Just over half of CCID’s revenues were generated from its management & strategic consultancy services business, amounting to US$11 million. That represents an increase of 5.2% year-on-year. The second largest business segment was CCID’s information engineering supervision services, accounting for 37% of total revenues, (US$8.3 million). The remaining revenues were generated from CCID’s market consultancy services (US$2.4 million) and other business services (US$551,000).

Source: Hong Kong Stock Exchange announcement