Company: CHOW
Filing Date: 2025-09-16
Form Type: 424B4
Source: 0001493152-25-013607
Chunk: 93

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-16
Form: 424B4
Chunk 93
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  2.1 |     |        |  41.8 |   |
| Maintenance                                                                          
 and Support Services                                                                 |     |                    |     632,205 |     |   |   0.5 |     |      |   3,064,807 |     |     |    392,924 |     |   |  2.0 |     |        | 384.8 |   |
|                                                                                      |     |                    |   2,968,143 |     |   |   2.4 |     |      |   6,377,354 |     |     |    817,609 |     |   |  4.1 |     |        | 114.9 |   |
| Total                                                                                
 cost of revenues                                                                     |     |                    | 121,462,858 |     |   | 100.0 |     |      | 156,575,791 |     |     | 20,073,819 |     |   |  100 |     |        |  28.9 |   |

Cost of revenues consists primarily of subcontracting fees, cost of hardware, software license and IT application license directly attributable to services provided. For the year ended December 31, 2024, cost of revenues was HK$156.6 million (US$ 20.1million), increased by HK 35.1million or 28.9% from HK121.5 million in the same period in 2023. The increase was mainly attributable to the increase in cost of hardware, software license and IT application license for the IT solution projects, which involved hardware, software and IT application products with IT professional services, performed during the year ended December 31, 2024 and the increase was in line with the increase in revenue during the year.

Gross profit and gross profit margin

As a result of the foregoing, the overall gross profit for the year ended December 31, 2024 was HK$ 25.3million (US$ 3.2million), an increase of HK$ 5.4million from HK$ 19.9million for the same period in 2023. The overall gross profit margin remained stable, with a slight decline from 14.1% for the year ended December 31, 2023 to 13.9% for the year ended December 31, 2024.

The gross profit margin on revenue on products increased