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ChowChow Cloud International Holdings Ltd
CHOWCIK 0002041829NYSENon-AcceleratedEmerging GrowthServices-Prepackaged SoftwareE9KYFY ends Dec 31
Business
ChowChow Cloud International Holdings Ltd is a foreign private issuer in Prepackaged Software, headquartered in the Cayman Islands. Shares trade on NYSE under the ticker CHOW.
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Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Revenues: | — | — | — | |
| Revenues | 251 | 182 | 141 | |
| Cost of Revenue | — | — | — | |
| Total cost of revenues | 219 | 157 | 121 | |
| Gross profit | 32 | 25 | 20 | |
| Operating expenses: | — | — | — | |
| Selling and marketing expenses | 32 | 3 | 1 | |
| General and administrative expenses | 24 | 9 | 5 | |
| Total operating expenses | 56 | 11 | 6 | |
| Operating income / (loss) | −24 | 14 | 14 | |
| Interest Expense | 20,860 | 47,591 | 13,838 | |
| Interest expense | 145,289 | 100,939 | — | |
| Non-Operating Income (Expense) | 109,803 | 173,715 | 358,441 | |
| Income / (Loss) before taxes | −24 | 14 | 14 | |
| Income tax expenses | — | 2 | 2 | |
| Net income / (loss) | −24 | 12 | 12 | |
| Earnings Per Share | — | — | — | |
| Earnings Per Share (Basic) | −0.71 | 0.37 | 0.37 | |
| Earnings Per Share (Diluted) | −0.71 | 0.37 | 0.37 | |
| Weighted Average Shares Outstanding | 33 | 33 | 33 | |
| Weighted Average Shares Outstanding, Diluted | 33 | 33 | 33 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and Cash Equivalents | 22 | 11 | |
| Accounts Receivable | 46 | 18 | |
| Other Current Assets | 2 | 3 | |
| Other Non-Operating Current Assets | 15 | 11 | |
| Other Current Assets | — | 3 | |
| Other Non-Operating Current Assets | 618,791 | 28,575 | |
| Total current assets | 84 | 45 | |
| Non-current assets: | — | — | |
| Other Non-Operating Non-Current Assets | — | 122,412 | |
| Operating Lease Right-of-Use Asset | — | 218,130 | |
| Property, Plant and Equipment | 31,960 | 42,597 | |
| Prepayment for development of intangible assets | 11 | — | |
| Intangible Assets | 2 | 2 | |
| Total non-current assets | 13 | 3 | |
| Total assets | 97 | 48 | |
| LIABILITIES AND EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts Payable | 13 | 5 | |
| Other Current Liabilities | 3 | 838,811 | |
| Other Non-Operating Current Liabilities | — | 678,915 | |
| Accrued Income Taxes | 5 | 5 | |
| Deferred revenue current | 4 | 17 | |
| Operating Lease Liability, Current | — | 218,130 | |
| Current Portion of Long-Term Debt | 504,838 | 284,404 | |
| Total current liabilities | 25 | 29 | |
| Non-current liabilities: | — | — | |
| Deferred revenue (Contract liabilities) | 259,084 | — | |
| Deferred Tax Liabilities, Current | 227,530 | 227,530 | |
| Long-Term Debt | 4 | 5 | |
| Total non-current liabilities | 5 | 5 | |
| Total liabilities | 29 | 34 | |
| Shareholders’ equity: | — | — | |
| Total Stockholders' Equity | 27,682 | 25,350 | |
| Additional Paid-In Capital | 78 | — | |
| Capital reserve | 3 | 3 | |
| Merger reserve | −3 | −3 | |
| Retained Earnings | −10 | 13 | |
| Total shareholders’ equity | 68 | 14 | |
| Total liabilities and equity | 97 | 48 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | — | — | — | |
| Net income / (loss) | −24 | 12 | 12 | |
| Adjustments to reconcile net income to net cash used in operating activities: | — | — | — | |
| Depreciation Expense | 20,361 | 25,179 | 22,940 | |
| Amortization of Intangibles | 781,475 | 681,515 | 378,801 | |
| Other Operating Expense | 8 | 507,230 | −348,954 | |
| Provision for Doubtful Accounts (CF) | 25,112 | −5,867 | 6,467 | |
| Deferred Income Tax (CF) | — | 1,063 | 151,343 | |
| Changes in operating assets and liabilities: | — | — | — | |
| Accounts receivable, net | 36 | 2 | −7 | |
| Unbilled receivables (Contract assets) | −1 | 644,511 | 1 | |
| Prepayment and other current assets, net | 4 | −288,935 | 12 | |
| Amounts due from related parties | 54,000 | −45,668 | 63,800 | |
| Accounts payable | 8 | −3 | −11 | |
| Accrued expenses and other current liabilities | 2 | −684,862 | 277,364 | |
| Deferred revenue (Contract liabilities) | −14 | −1 | 11 | |
| Tax payable | — | 2 | 2 | |
| Net cash provided by / (used in) operating activities | −57 | 8 | 8 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | — | — | — | |
| Purchase of property and equipment | 9,724 | 15,280 | 42,291 | |
| Purchase of intangible asset | — | 1 | 938,516 | |
| Prepayment for development of intangible assets | 11 | — | — | |
| Cash used in investing activities | −11 | −1 | −980,807 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | — | — | — | |
| Proceed from / (Repayment of) bank borrowing | −284,917 | 5 | — | |
| Payment of deferred offering cost | 6 | 3 | — | |
| Net Cash from Financing Activities | −567,823 | 84,495 | 2 | |
| Payment of underwriting discounts and commissions | 7 | — | — | |
| Net Cash from Financing Activities | 93 | — | — | |
| Dividend paid | 672,420 | 8 | 8 | |
| Net cash (used in) / provided by financing activities | 79 | −6 | −6 | |
| Net increase in cash and cash equivalents | 11 | 648,581 | 861,504 | |
| Cash and cash equivalents, end of year | — | — | — | |
| Cash and cash equivalents, end of year | — | — | — | |
| Supplemental cash flow information | — | — | — | |
| Income Tax Expense | — | −153,378 | — | |
| Interest paid | 145,289 | 100,939 | — | |
| Supplemental disclosure of non-cash information: | — | — | — | |
| Right-of-use assets obtained in exchange for new lease liabilities | — | — | 461,624 |
Filings
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