ChowChow Cloud International Holdings Limited (CHOW) is having a very good Friday. Shares rocketed 32% higher to 86 cents after the company dropped first-half 2025 results that showed business is booming.
The Numbers Tell the Story
Revenue hit HK$178.2 million for the first half of 2025, up 81.3% from HK$98.3 million during the same stretch last year. That's the kind of growth that gets investors excited. The real driver? Three new customers who signed up for cloud CDN services and server farm projects, collectively bringing in approximately HK$83.5 million—that's about 46.9% of total revenue right there.
Cost of revenues climbed 81.9% year-over-year to HK$156.2 million, roughly in line with the revenue growth. Gross profit improved to HK$22.0 million from HK$12.4 million, while gross margin held steady at 12.3% compared to 12.6% the year before. ChowChow credited cost control measures for maintaining that stability.
Net income jumped 80% to HK$12.5 million for the first half of 2025, up from HK$6.9 million in the prior-year period. The company also reported cash and cash equivalents of approximately HK$11.9 million as of June 30, 2025, up from HK$10.5 million at year-end 2024. Management says they're financing operations primarily through cash generated from business activities and expect current liquidity to cover capital needs for at least the next 12 months.
