Fact Source: Financial Supervisory Service DART / 2024-04-30
Disclosure Type: Single Sales or Supply Contract
💡 3-Second Summary
Hanwha Ocean has signed a construction contract worth KRW 264.8B for a marine product performance improvement project with its affiliate Tidal Action LLC in the Americas region.
📊 1. [Key Disclosure Content & Summary of Financial Figures]
- Contract Category: Construction Contract (Contract Name: Marine Product Performance Improvement Project)
- Contract Amount: KRW 264,800,000,000
- Recent Revenue: KRW 7,408,300,000,000 (Based on the consolidated financial statements at the end of 2023)
- Ratio to Revenue: 3.6%
- Contract Counterparty: Tidal Action LLC (Relationship with the Company: Affiliate)
- Sales & Supply Region: Americas Region
- Contract Period:
- Start Date: April 29, 2024
- End Date: March 31, 2025
- Contract Date: April 29, 2024
- Stock Number: 042660
- Other Notes: The contract amount and recent revenue figures are rounded to the nearest KRW 100M. The contract amount was calculated by applying the trading base exchange rate of USD 1 = KRW 1,375.90 as of April 29, 2024. The contract period and final settlement amount are subject to modification during the construction process.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing serves as an official notice clarifying that Hanwha Ocean has secured and finalized a construction contract valued at KRW 264.8B from its affiliate, Tidal Action LLC, located in the Americas region. The contract schedule is defined from April 29, 2024, to March 31, 2025, spanning an operational window of approximately 11 months.
The contract value stated in the filing is converted into KRW using the fixed trading base exchange rate of USD 1 = KRW 1,375.90 as of April 29, 2024. The original document lacks specific data analyzing the exact revenue recognition scheduling across upcoming quarters or the projected profit margin profiles for this transaction. Consequently, international market participants should interpret this update strictly using the verified facts regarding the affiliate relationship, the exchange-rate-based valuation, and the designated timeline.
📝 Editor’s Comment (by K-STOCK Editor)
This construction contract notice outlines a definitive corporate arrangement where Hanwha Ocean will execute a KRW 264.8B marine product performance improvement project for its affiliate, Tidal Action LLC, within the Americas geography. The document strictly focuses on providing key data, highlighting the contract end date of March 31, 2025, and the baseline exchange rate framework.
The essential parameters for market participants to watch next are the prospective adjustments to the operational terms during the execution phase. As disclosed in the notes, both the overall contract period and the ultimate settlement figures remain subject to modification during the construction progress.
Consequently, instead of evaluating this contract as inherently bullish or bearish for equity valuations, investors should treat this disclosure as a factual corporate timeline update and focus on tracking subsequent quarterly financial results and verified operational progress records following the scheduled execution period.
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on official data submitted to the Financial Supervisory Service electronic disclosure system (DART).
Investment Risk Notice: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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