Source Fact: Financial Supervisory Service DART / 2025-03-18
Disclosure Type: Execution of Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Ocean has filed an amended disclosure to lift the information withholding clause, officially identifying the counterparty for the KRW 2.33 trillion containership order as Evergreen.
📊 1. [Summary of Key Disclosure Content and Major Figures]
- Target Document for Amendment: Execution of Single Sales/Supply Contract submitted on March 17, 2025
- Reason for Amendment: Lifting of disclosure withholding clause
- Contract Name: Construction Order for 6 Containerships
- Contract Amount: KRW 2,328,600,000,000 (Approximately KRW 2.33T, calculated using the trading reference rate of 1 USD = 1,451.90 KRW as of March 14, 2025, rounded to the nearest KRW 100 million)
- Proportion to Recent Revenue: 31.4% relative to recent revenue (KRW 7,408,300,000,000 based on the consolidated financial statements at the end of 2023)
- Amendment (Identification of Counterparty):
- Counterparty: (Before) Shipowner in the Asia region → (After) Evergreen
- Relationship & Shipping Region: No specified relationship / Asia region
- Overall Contract Period: Start Date March 14, 2025 ~ End Date March 17, 2028
- Major Contract Terms: Down payment and advance payment exist; collection of funds is based on construction progress
- Contract (Order) Date: March 14, 2025
📈 2. [Expert View: What This Disclosure Means for Investors]
This disclosure represents an official amendment specifying the target counterparty name, which was previously withheld from the large-scale supply contract disclosed on the preceding business day. The modification adjusts the previously anonymous description from ‘Shipowner in the Asia region’ to formally verify the counterparty as ‘Evergreen’.
The contract value of KRW 2.33T represents a fixed 31.4% relative to the company’s consolidated recent revenue as of the end of 2023. According to the notes within the document, this contract period and the final settlement amount carry a potential likelihood of changing in the future during the execution process. The official disclosure does not state how this disclosure lifting will impact the company’s detailed quarterly operating profit margins or future stock price trends. Therefore, uncertain future outcomes cannot be concluded as facts, and investors should interpret this disclosure focusing strictly on the confirmed counterparty and the ratio relative to recent revenue.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s recent amendment centers on lifting the disclosure withholding to identify Evergreen as the counterparty for the 6-vessel containership order. For the major construction project equivalent to 31.4% of its 2023 consolidated revenue, the core fact remains that the identity of the contracting counterparty has been formally finalized.
The primary variables and checkpoints that investors need to verify moving forward are potential changes to the contract period and the final settlement amount arising during the construction process. As noted in the text, the contract period and the final settlement amount carry a potential likelihood of being adjusted later in the future during the execution process until the end date of March 17, 2028. Since prospective order pipelines or quantitative margin metrics are not specified in the original text, over-optimism derived from external assumptions should be avoided, and investors should rely strictly on subsequent official disclosure updates regarding this filing as their primary checkpoints.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service electronic disclosure system (DART).
Investment Risk Notice: This information is provided solely for informational and linguistic reference purposes. 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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