Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean secured an Engineering, Procurement, and Construction (EPC) contract worth KRW 1.9716T (18.3% of recent annual revenue) for the Sinan Oui Offshore Wind Power Plant from its affiliate, Sinan Oui Offshore Wind Power Co., Ltd.
📊 [Key Disclosure Details & Financial Summary]
1. Contract Overview
- Contract Type: Construction Order
- Contract Name: Engineering, Procurement, and Construction (EPC) Contract for Sinan Oui Offshore Wind Power Plant
2. Financial Details & Scale
- Contract Amount: KRW 1,971,600,000,000 (KRW 1.9716T)
- Recent Revenue: KRW 10,776,000,000,000 (KRW 10.776T, FY2024 consolidated basis)
- Ratio to Revenue: 18.3%
- Contracting Party & Relationship: Sinan Oui Offshore Wind Power Co., Ltd. (Affiliate)
- Sales/Supply Region: Near Uido-ri, Docho-myeon, Sinan-gun, Jeollanam-do
3. Contract Terms & Schedule
- Contract Period: 2025-12-22 ~ 2029-06-19
- Contract Date: 2025-12-22
- Key Terms: No down payment or advance payment / Payment collected according to construction progress
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Construction Progress and Revenue Recognition of EPC Contract with Affiliate
This filing discloses that Hanwha Ocean entered into a KRW 1.9716T EPC contract with its affiliate, Sinan Oui Offshore Wind Power Co., Ltd., for an offshore wind power plant.
Verifying that payments are collected according to progress and that construction proceeds as scheduled over the contract period (December 22, 2025 – June 19, 2029) is important for evaluating whether revenue from this large-scale order is recognized as planned.
Progress regarding construction status, order backlog, and affiliate transaction details can be tracked through future official periodic filings, such as Quarterly, Semi-Annual, and Annual Reports.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
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