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Public company info - CCID Consulting Co. Ltd. - H Shares , 08235.HK

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CCID Consulting Co. Ltd. - H Shares, 08235.HK - Company Profile
Chairman Xia Lin
Share Issued (share) 209,000,000
Par Currency Renminbi
Par Value 0.1
Industry Other Support Services
Corporate Profile Business Summary: The Group is the provision of management and strategic consultancy services, market consultancy services, information engineering supervision services, data information design services, training courses services and subscription to information system services. Performance for the year: For the year ended 31 December 2020, turnover of the Group amounted to approximately RMB211,954,000, representing a decrease of approximately 19% from approximately RMB261,529,000 for the last year (restated). For the year ended 31 December 2020, gross profit and total comprehensive income of the Group were approximately RMB100,683,000 and RMB28,321,000, respectively, representing decrease of approximately 29% and 60% from approximately RMB141,915,000 (restated) and RMB71,031,000 (restated), respectively, for the last year. Business Review Accelerated Business Transformation and Upgrade Adhering to its digital transformation strategy, the Group accelerated its business upgrade, product digitalisation, service platformatisation and profit capitalisation in 2020. The expansion of the comprehensive planning business was boosted by rolling out several services such as industrial and digital development planning as well as national economic and social development outline planning in different provinces (including Anhui, Shanxi, Jiangxi and Qinghai), municipalities (including Guangzhou, Xiamen and Zhuhai) and districts and counties (including Nanshan, Taicang and Jiashan). To seize development opportunities in the digital industry, capture potential new value in the market and step up our business expansion, several consultancy services in relation to economic digitalisation and government digitalisation under the “Digital New Infrastructure” policy were completed in co-operation with local governments in, among other places, Zibo and Tai’an as well as businesses such as Huawei and JD.com. Guangdong CCID sped up the development of its industry spatial management services and optimised its collaboration and synergies with local governments by providing industrial complex planning services in places including Hainan and Zhejiang. CCID Design, on the other hand, rolled out emerging businesses such as county-wide digital transformation design and consultation as well as complete lifecycle smart project performance analysis, management and consultation. To formulate a new county-wide digital transformation model and achieve breakthrough in business transformation and upgrade, it worked out strategies, directions and road maps to formulate county-wide digital transformation with all its efforts by taking into account the entire industry chain and the future development of industrial clusters. Enhanced Digitalised and Customised Collaborations In 2020, the Group further enhanced its product development capacity in respect of digitalisation based on CCID brain for industries according to clients’ needs. CCID brain for industries improved our product line, developed products with different capacities and prices, and built up digital consultation abilities for local economies and industrial development by ways of horizontal expansion of features, vertical development of functions and modularisation. The power of its functions was constantly enhanced. Contents were displayed through optimised models and digital outputs. The number of its functions has also increased. Products were categorised into several groups with different standards in order to be rolled out in modularised and customised forms with the aim of satisfying the specific need and budget of every client. In 2020, CCID brain for industries carried out collaborations in, among other places, Chongqing, Tianjin, Shandong, Shanxi, Nanjing and Guangzhou. Completed projects included high-quality development evaluation platforms, park evaluation platforms, project evaluation platforms, investment attraction platforms and knowledge mapping platforms. Captured Trends and Delved Deeply into Hot Topics The Group rigorously conducted high-quality studies of hot topics in 2020. It captured the latest trends and conducted forward-looking researches in order to promote product standardisation and establish a diversified product mix. It also strengthened training in quick, correct and modern research writing skills, shored up basic research capability, and presented results and outcomes with better framework, logic and practicability. A strategic research department was set up to coordinate collaborations amongst multiple departments and launch researches on key topics. With the aims of promoting product innovation and upgrade and rationalising key product lines, a diversified product portfolio comprised of annual reports, white papers, rankings, index reports, monitoring reports and blue papers was formulated. Three bases, namely information base, talent base and database, and related methodologies for knowledge studies were established. We published 76 pieces of 2020 Insight regarding 30 key topics such as artificial intelligence, ultra-high definition video clips, digital economy and internet of things; 110 annual reports covering hot industrial topics for the year such as artificial intelligence, digital economy, internet of industries, autopilot and municipal business environment; 54 white papers including county-wide economies, digital cities and hydrogen-powered cities; rankings such as top 100 biopharmaceutical parks; 5 index reports in the fields of digital economy, urban technologies and innovation, and advanced manufacturing city development; 73 monitoring reports including weekly medicine and healthcare reports, monthly long-term care industry reports, monthly sport industry reports, quarterly eSports reports and bi-weekly energy-conservation and environmental protection reports; and 2 blue papers, namely the Blue Paper of 2019-2020 on the Development of Smart Manufacturing Industry (《2019–2020年智能製造產業發展藍皮書》) and the Blue Paper of 2019-2020 on Investment in Emerging Industries in China (《2019–2020年中國新興產業投資藍皮書》). Combated Pandemic and Expedited Re-Opening Against the backdrop of the COVID-19 pandemic in 2020, the Group coordinated the resumption of work and production by its employees in an orderly manner. The party committee, labour union and the Youth League Committee brought their roles and functions into full play to refine information monitoring and reporting, policy communication, publicity about achievements and notice dissemination. The Group enlisted the full support of its departments to secure smooth business operation. It also motivated its employees and raised their satisfaction with the Group. An innovative new online work arrangement was created to conduct contract renewal, brand promotion and other activities online. Webinars such as “Everything about New Infrastructure (聚焦新基建)” and “Ten Sessions on Emerging Industries (新興產業十講)” were held. Industry planning services were offered to cities such as Guangzhou, Mianyang and Zhijiang for the procurement of emergency supplies and protective equipment and the development of pilot medical prevention and control industrial parks. To provide safe and reliable information support for the fight against COVID-19, CCID Supervision took up a project in relation to the provision of emergency information about areas affected by COVID-19 as well as a project in relation to information construction supervision services. Making Hubei Province its top priority, it provided the province with several services such as software project pricing evaluation services, emergency project management consultancy services and information business project supervision and management training services free of charge in order to help it control the pandemic and carry out relevant digitalisation. Carried out Branding and Marketing Holding the belief that brand represents a high level of integration between corporate branding and personal branding, the Group continued to enhance its brand influence in all aspects by reforming its culture and promoting its brand. The Group constantly raises its brand awareness with innovative media publicity. Our total clicks on media systems such as WeChat, TouTiao.com and Sohu.com reached approximately 1,358,000. CCTV’s Morning News, BCC, China Economic Times, Economic Daily, the Paper and other news outlets conducted 42 interviews, which were widely quoted by over 107 media, with us. Our Insight, white papers and quick comments were reported by Xinhuanet, www.chinanews.com (中新網), the Paper, the National Business Daily, tech.sina.cn (新浪科技), med.sina.cn (新浪醫藥), ce.cn (中國經濟網), www.cb.com.cn (中國經營網), the website of the National Business Daily and other media. Ten special salons were conducted. 18 white papers and special articles were published jointly with media such as Xinhuanet, the Paper, tech.sina.cn (新浪科技) and www.cb.com.cn (中國經營網). To help small and medium enterprises re-open and overcome difficulties, 20 live seminars on topics such as ICT, biopharmaceuticals, environmental protection, 5G, investment, internet of things and smart manufacturing were held in collaboration with Xinhuanet, the Paper, the technology section of zhihu.com, the Shenzhen Stock Exchange and the National Business Daily during the pandemic. Large-scale branding activities such as “ITMC 2020 (2020IT市場年會)”, “2020 WSCE (2020世界半導體大會)” and the “2020 China’s Manufacturing Power Forum (2020製造強國論壇)” were successfully organised to cultivate a good corporate image and enhance its brand reputation. Promoted Management Innovation In 2020, the Group continued to promote management innovation. Following a thorough study of its employee appraisal mechanism, a remuneration assessment system that caters to our business development was developed to motivate our staff. A talent identification project was also launched and demonstrated to front-line staff in order to identify, retain and deploy talented employees and build up human resources. The OA office system was upgraded to implement comprehensive audit and visualised office work throughout the entire process. A virtual interaction and work platform based on our computer network was established to deliver comprehensive and sophisticated joint management of office work and documentation as well as better communication and sharing of information between all departments. Data collection and classification was strengthened to enhance the format and contents of our data analysis. To realise completely digitalised contract management, employees were taught how to use electronic signature and third-party electronic signature platforms while contract registration and documentation processes were perfected. A revamp of our quality control system was carried out smoothly. Review of our external quality certifications and our ISO9001 quality management system were completed. Prospects: With the aim of becoming a first-rate top-notch think tank in the country, the Group will stringently live by its core values of being honest, responsible, scientific and innovative, and stick to its principles to create value, enhance its abilities and fulfil its missions in order to advance its comprehensive industrial innovation services, construct CCID brain for industries at full steam, coordinate its transfer of listing, perfect its corporate governance, improve its operation and management, and build up its sustainable competitive strength in 2021. Advance Comprehensive Industrial Innovation Services 2021 marks the beginning of the 14th Five-Year Plan. To seize industry trends and developments, the Group will speed up its business expansion in the Guangdong-Hong Kong-Macau Greater Bay Area and the Yangtze River Delta. To spark customer demand, we will combine our internal and external resources to design comprehensive industrial innovation services spanning from strategy formulation, consultation and planning, branding, and business and investor mediation to “brain for industries” that focus on advanced manufacturing, digital economy, integrated circuit, intelligent connected vehicles, medicine, healthcare and other areas, so as to provide customers with comprehensive solutions that are strategic, integrated and forward-looking and facilitate decision-making. Establish CCID Brain for Industries In 2021, the Group will continue to concentrate on CCID brain for industries and develop an industry data platform focused on industrial data, mapping and resources by utilising its expertise in industry research. To construct this business infrastructure based on general tools, standard products and platform products, the database, calculation ability and algorithms of our big data platform will be enhanced. Integrated design, construction, operation and maintenance services focused on key tasks such as investment attraction, industrial monitoring, evaluation and selection, and industrial resource matchmaking will be provided to accelerate high-level resource sharing, establish industrial partnerships and enhance the integration of the sector. To roll out and promote CCID brain for industries, we will speed up the development of market channels and nurture key customers. Persist in Perfecting Corporate Governance In 2021, the Group will further perfect its corporate governance structure, optimise its internal and risk control systems, improve the listed company’s operating practices and ultimately enhance its governance standard. Despite the challenges ahead, the board of Directors (the “Board”) and I have full confidence in our future development. I will continue to lead the Group to proactively overcome the difficulties together with all employees in order to create the greatest value for all shareholders.

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