Company: CHOW
Filing Date: 2025-04-01
Form Type: F-1
Source: 0001641172-25-001938
Chunk: 96

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-04-01
Form: F-1
Chunk 96
---
.6 | ) |
| Sundry     
 income     |     |                       |  75,993 |     |   |  36.7 |     |             | 86,283 |     |             | 11,062 |     |   |  96.7 |     |        |   13.5 |   |
| Total      |     |                       | 206,887 |     |   | 100.0 |     |             | 89,226 |     |             | 11,439 |     |   | 100.0 |     |        |  (56.9 | ) |

Other income decreased by HK$0.1 million or 56.9% from HK$0.2 million for the six months ended June 30, 2023 to HK$89,266 (US$11,439) for the six months ended June 30, 2024 mainly driven by the decrease in government subsidiaries during the six months ended June 30, 2024.

Income tax expenses

Income tax expenses was HK$ 1.2million (US$ 0.2million) for the six months ended June 30, 2024, as compared to HK$ 1.1million for the same period of 2023. The increase in income tax expenses by HK$0.1 million or 10.9%
was due to the increase in gross profit during six months ended June 30, 2024.

Net income

As a result of the above discussed, we recorded a net income of HK$6.9 million (US$ 0.9million) for the six months ended June 30, 2024, representing an increase of HK$ 0.4million or 6.8% from a net income of HK$6.5 million for the six months ended June 30, 2023.

Years ended December 31, 2022 and 2023

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, |        2022 |   |     |     |         2023 |   |     |     |             |   |     |     |    Variance |   |     |          |       |   |
|:---------------------------------------------------------|:----|:------------------------|------------:|:--|:----