Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 94

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 94
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.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 |   |     |          |       |   |
|:---------------------------------------------------------|:----|:------------------------|------------:|:--|:----|:----|-------------:|:--|:----|:----|------------:|:--|:----|:----|------------:|:--|:----|:---------|------:|:--|
|                                                          |     | HK$                     |             |   |     | HK$ |              |   |     | US$ |             |   |     | HK$ |             |   |     | % Change |       |   |
| Revenues                                                 |     |                         | 107,628,218 |   |     |     |  141,372,358 |   |     |     |  18,124,661 |   |     |     |  33,744,140 |   |     |          |  31.4 |   |
| Cost of revenues                                         |     |                         | (97,227,521 | ) |     |     | (121,462,858 | ) |     |     | (15,572,161 | ) |     |     | (24,235,337 | ) |     |          |  24.9 |   |
| Gross profit                                             |     |                         |  10,400,697 |   |     |     |   19,909,500 |   |     |     |   2,552,500 |   |     |     |   9,508,803 |   |     |          |  91.4 |   |
| Operating expenses                                       |     |                         |             |   |     |     |              |   |     |     |             |   |     |     |             |   |     |          |       |   |
| Selling and marketing expenses                           |     |                         |    (365,540 | ) |     |     |