CCID revenues up 37% in weak economy

Beijing, 28th March: CCID Consulting, a research and information service provider in China, recently announced its financial results for 2023. Revenues were US$39 million, up 37% year-on-year. The company’s net profit jumped 159%, amounting to US$9.0 million. Earnings per share in the year were RMB 0.0901 (US$0.013).

More than 58% of CCID’s revenues were generated from its consulting services, amounting to US$23 million. This segment increased by 15% year-on-year. Its second largest business segment was its technology innovation platform services, generating revenues of US$12 million which accounts for 30% of the company’s total revenues. This segment generated US$2.1 million in the previous year. The remaining revenues were generated from its data platform services (US$4.4 million), which grew 207% compared with the previous year.