Company: CHOW
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001641172-25-025146
Chunk: 92

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-08-22
Form: F-1/A
Chunk 92
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 and the receipt of customer payments.

| 57 |

Recent Accounting Pronouncements

See the discussion of the recent accounting pronouncements contained in Note 2 to the financial statements, “Summary of Significant Accounting Policies.”

Years ended December 31, 2023 and 2024

Results of Operations

The following table sets forth a summary of our consolidated results of operations for the years indicated, both in absolute amount.

|                                                                           |     | Year               
 ended December 31, |         2023 |   |     |     |         2024 |   |     |     |             |   |     |     |    Variance |   |     |        |       |   |
|:--------------------------------------------------------------------------|:----|:-------------------|-------------:|:--|:----|:----|-------------:|:--|:----|:----|------------:|:--|:----|:----|------------:|:--|:----|:-------|------:|:--|
|                                                                           |     | HK$                |              |   |     | HK$ |              |   |     | US$ |             |   |     | HK$ |             |   |     | %      
 Change |       |   |
| Revenues                                                                  |     |                    |  141,372,358 |   |     |     |  181,830,126 |   |     |     |  23,311,554 |   |     |     |  40,457,768 |   |     |        |  28.6 |   |
| Cost                                                                      
 of revenues                                                               |     |                    | (121,462,858 | ) |     |     | (156,575,791 | ) |     |     | (20,073,819 | ) |     |     | (35,112,933 | ) |     |        |  28.9 |   |
| Gross                                                                     
 profit                                                                    |     |                    |   19,909,500 |   |     |     |   25,254,335 |   |     |     |   3,237,735 |   |     |     |   5,344,835 |   |     |        |  26.8 |   |
| Operating                                                                 
 expenses                                                                  |     |                    |              |   |     |     |              |   |     |     |             |   |     |     |