Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 88

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 88
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 changes in contract assets and liabilities are disclosed separately in the financial statements and are primarily driven by the timing of the satisfaction of performance obligations and the receipt of customer payments.

| 55 |

Recent Accounting Pronouncements

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

Six Months ended June 30, 2023 and 2024

Results of Operations

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

|                                                                           |     |                   Six 
 months ended June 30, |             |   |     |                 |             |   |     |                  |             |   |     |          |            |   |     |        |       |   |
|                                                                           |     |                  2023 |             |   |     |            2024 |             |   |     |                  |             |   |     | Variance |            |   |     |        |       |   |
|                                                                           |     |       HK$ (Unaudited) |             |   |     | HK$ (Unaudited) |             |   |     | US$  (Unaudited) |             |   |     | HK$      |            |   |     | %      
 Change |       |   |
| Revenues                                                                  |     |                       |  89,013,224 |   |     |                 |  98,293,397 |   |     |                  |  12,601,718 |   |     |          |  9,280,173 |   |     |        |  10.4 |   |
| Cost                                                                      
 of revenues                                                               |     |                       | (78,634,199 | ) |     |                 | (85,885,003 | ) |     |                  | (11,010,898 | ) |     |          | (7,250,804 | ) |     |        |   9.2 |   |
| Gross                                                                     
 profit                                                                    |     |                       |  10,379,025 |   |     |                 |  12,408,394 |   |     |                  |   1,590,820 |   |     |          |  2,029,369 |   |     |        |  19.6 |   |
| Operating                                                                 
 expenses                                                                  |     |                       |             |