Source Fact: Financial Supervisory Service DART / 2025-03-17
Disclosure Type: Execution of Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Ocean has signed a contract valued at approximately KRW 2.33 trillion to build and supply six containerships to a shipowner in the Asia region by mid-March 2028.
📊 1. [Summary of Key Disclosure Content and Major Figures]
- Contract Name: Construction Order for 6 Containerships
- Contract Amount: KRW 2,328,600,000,000 (Approximately KRW 2.33T)
- Foreign Exchange Rate Applied: 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)
- Counterparty & Shipping Region: Shipowner in the Asia region (No specified relationship with the company)
- 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 a decision regarding a new vessel construction and supply contract secured from a shipowner in the Asia region. The contract value is finalized at KRW 2.33T, which represents a fixed 31.4% relative to the company’s consolidated recent revenue as of the end of 2023.
The contract period is scheduled to span approximately 3 years, from March 14, 2025, to the expected completion date on March 17, 2028. The payment terms are officially structured to collect funds in accordance with the actual progress of construction, outlining the cash collection structure during the period. 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 contract may impact the company’s detailed quarterly operating profit margins, future stock price trends, or the specific reasons for any earnings changes. Therefore, uncertain future outcomes cannot be concluded as facts, and investors should interpret this disclosure primarily based on the specified timeline and the high ratio relative to recent revenue.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s new supply contract centers on supplying six containerships to an Asian shipowner, with the contract value standing at KRW 2.33T calculated based on the exchange rate of 1 USD = 1,451.90 KRW. As a major project involving capital equivalent to 31.4% of its recent revenue, the core fact remains that funds will be collected according to the progress of construction under the stated terms.
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 end date (scheduled for March 17, 2028) carries a potential likelihood of being adjusted later in the future during the execution process. Since prospective order pipelines or quantitative margin targets are not specified in the original text, over-optimism derived from external assumptions should be avoided, and investors should rely strictly on official disclosure data as their primary checkpoint.
📢 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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