BEIJING, Nov. 23 /Xinhua-PRNewswire/ -- CCID Consulting, China’s leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), announced today that the Company has enjoyed strong growth in 2007, primarily as a result of new business innovations.
As China’s first public consulting company, CCID Consulting has targeted the expanding consultancy market in China with great success. At the end of 2006, service upgrades greatly improved the Company’s earning power. Financial figures for the first nine months of 2007 show that CCID Consulting’s revenues grew 16.1%. Of this, revenues from its main businesses increased 51.5%.
Since the end of 2006, CCID Consulting has continued to successfully implement strategic transformations. While ensuring the stable growth of its research services in the ICT market, the Company has also greatly improved its management consulting services. By providing ICT market-oriented and value added consultancy services in areas including business strategies, IT applications, brand strategies, corporate culture, HR management and investment and financing, CCID Consulting has upgraded its core competitiveness. Meanwhile, by drawing upon its many years of experience in research fields and by making use of the industry penetration power of IT application consulting, the Company has successfully expanded its consulting services into IT application planning in many key industries such as energy, finance, manufacturing and transportation. By Q3 2007, CCID Consulting’s main ICT-related management consulting services surged 227.4%. Moreover, through industry-related business expansions, the Company has effectively controlled consulting implementation costs. According to its quarterly financial statement, CCID Consulting’s overall profits grew 646.5% over 2006.
Based on its research on the ICT industry and relevant markets, CCID Consulting is now paying more attention to improving its ability to provide government services. In the fields of information industry planning and city industry park planning, CCID Consulting has joined hands with government departments at all levels from local governments all the way up to the central government since the beginning of 2007. It has provided professional consultancy services to several provincial and municipal governments, including Guangdong, Jiangsu, Sichuan and Anhui. Among these, CCID Consulting has designed and implemented the “Huaqiangbei·China Electronic Market Price Index” for the Futian District Government of Shenzhen City. The index, the first of its kind in China, covers the four major categories of electronic devices, mobile phones, digital products and IT products. It was released to the world as the No.1 highlight of the 2007 Shenzhen Hi-Tech Fair. The release of the price index has further consolidated Huaqiangbei’s bellwether position in China’s electronics trading market, and strengthened the right of discourse of the Huaqiangbei market in the pricing of electronic products and particularly electronic devices in the Pearl River Delta Region, China. It provides a powerful guarantee for the sustainable development and high-end clustering of the information industry in Shenzhen, and promotes industrial transformation in the Pearl River Delta Region.
About CCID Consulting
CCID Consulting Co., Ltd. (hereinafter known as "CCID Consulting" or "CCID"), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: HK08235), is directly affiliated to the China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has set up branch offices in Shanghai, Guangzhou, Shenzhen, and Harbin, with over 300 professional consultants and industry experts. The company’s business covers over 200 large and medium-sized cities in China. Apart from home market development, CCID Consulting establishes international cooperation links across the United States, the Asia-Pacific region and Europe with agents in the U.S., Japan, South Korea, Australia, Singapore, Italy and Russia, with the aim of going global.
Based on four major competitive areas: powerful data channels, industrial resources, intense knowledge and a deep understanding of information technology, CCID Consulting provides customers with consulting, research and IT outsourcing services covering strategic planning, IT applications, marketing strategies, human resources and information technology outsourcing. Customers range from industrial IT users, telecommunications companies, energy companies, finance companies, and automobile companies, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to be the number 1 consultant in strategic consulting, the number 1 brand for strategic consultancy, the number 1 advisor for enterprise management and the number 1 consultant for government decision-making.
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd.
Tel: +86-10-8855-9080
Email: liuyan@ccidconsulting.com
