Company: CHOW
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001641172-25-026148
Chunk: 92

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-09-02
Form: F-1/A
Chunk 92
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 We regularly review our estimates of transaction prices, performance obligations, and the progress toward satisfaction of those obligations.

Any significant 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.

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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 |