Source Fact: Financial Supervisory Service DART / 2025-02-25
Disclosure Type: Execution of Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Ocean has signed a contract valued at approximately KRW 294 billion to undertake the MCS Plant construction project for its affiliate, Hanwha Aerospace, in Boeun-gun, Chungcheongbuk-do by late December 2026.
📊 1. [Summary of Key Disclosure Content and Major Figures]
- Contract Name: Construction Order for MCS Plant Project
- Contract Amount: KRW 294,000,000,000 (Approximately KRW 294.0B)
- Proportion to Recent Revenue: 4.0% relative to recent revenue (KRW 7,408,300,000,000 based on the consolidated financial statements at the end of 2023)
- Counterparty: Hanwha Aerospace Co., Ltd. (Affiliate of Hanwha Ocean)
- Location of Sales/Supply: Naebuk-myeon, Boeun-gun, Chungcheongbuk-do, South Korea
- Contract Period: Start Date February 25, 2025 ~ End Date December 31, 2026
- Major Contract Terms:
- Down payment and advance payment exist (Advance payment: 10% of the contract amount, within 10 days after the contract execution)
- Interim/Remaining payments: Progress billing based on monthly construction progress, paid in the following month
- Contract (Order) Date: February 25, 2025
📈 2. [Expert View: What This Disclosure Means for Investors]
This disclosure represents a decision regarding a new plant construction and supply contract secured from the company’s affiliate, Hanwha Aerospace. The contract value is finalized at KRW 294.0B, which represents a fixed 4.0% relative to the company’s consolidated recent revenue as of the end of 2023.
The contract period is scheduled to span approximately 1 year and 10 months, from February 25, 2025, to the expected completion date on December 31, 2026. The payment terms are officially structured to collect a 10% advance payment within 10 days of contract signing, with subsequent progress billing submitted monthly based on construction progress and collected the following month, outlining the cash collection layout 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 or future stock price trends. Therefore, uncertain future outcomes cannot be concluded as facts, and investors should interpret this disclosure primarily based on the specified timeline, progress billing terms, and the ratio relative to recent revenue.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s new supply contract centers on constructing an MCS Plant for its affiliate, Hanwha Aerospace, with the contract value standing at KRW 294.0B. As a project involving capital equivalent to 4.0% of its recent revenue, the core fact remains that an initial 10% advance payment will be collected followed by sequential monthly progress billings 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 December 31, 2026) carries a potential likelihood of being adjusted later in the future during the execution process. Since prospective alternative quantitative margin targets or detailed investment points 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 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.
Contact: For inquiries regarding compliance or copyright requests, please contact ksb220805@gmail.com.
