Company: CHOW
Filing Date: 2025-02-28
Form Type: DRS/A
Source: 0001493152-25-008591
Chunk: 96

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-28
Form: DRS/A
Chunk 96
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     |   |       |     |      |            |     |     |            |     |   |       |     |        |       |   |
| IT Professional Services                                                             |     |                           |  2,263,766 |     |   |   2.9 |     |      |  2,651,733 |     |     |    339,966 |     |   |   3.1 |     |        |  17.1 |   |
| Maintenance and Support Services                                                     |     |                           |    639,808 |     |   |   0.8 |     |      |  1,331,652 |     |     |    170,725 |     |   |   1.5 |     |        | 108.1 |   |
|                                                                                      |     |                           |  2,903,574 |     |   |   3.7 |     |      |  3,983,385 |     |     |    510,691 |     |   |   4.6 |     |        |  37.2 |   |
| Total cost of revenues                                                               |     |                           | 78,634,199 |     |   | 100.0 |     |      | 85,885,003 |     |     | 11,010,898 |     |   | 100.0 |     |        |   9.2 |   |

Cost of revenues consists primarily of subcontracting fees, cost of hardware, software license and IT application license directly attributable to services provided. For the six months ended June 30, 2024, cost of revenues was HK$85.9 million (US$ 11.0million), increased by HK 7.3million or 9.2% from HK$78.6 million in the same period in 2023. The increase was mainly attributable to increase in cost of software license and IT application license for and subcontracting fees for the IT solution projects, which involved software and IT application products with IT professional services or maintenance and support services, performed during the six months ended June 30, 2024. Such increases were partially offset by the decrease in hardware cost.

Gross profit and gross profit margin

As a result of the foregoing, the overall gross profit for the six months ended June 30, 2024 was HK$ 12.4million (