Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-07-29
Disclosure Type: Signing of a Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Ocean has officially signed a contract with the Korea Polar Research Institute to supply one next-generation icebreaking research vessel valued at approximately KRW 279.4B, with the contract period spanning from July 29, 2025, to June 7, 2029.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Contract Name: 1 Next-Generation Icebreaking Research Vessel
- Contract Category: Construction Order
- Contract Amount: KRW 279,400,000,000 (KRW 279.4B, inclusive of VAT)
- Recent Sales: KRW 10,776,000,000,000 (KRW 10,776B, based on the consolidated financial statements at the end of 2024)
- Ratio to Sales: 2.6%
- Contract Counterparty: Korea Polar Research Institute (No special relationship with the company)
- Sales and Supply Region: Domestic Region
- Contract Period: July 29, 2025 (Start Date) ~ June 7, 2029 (End Date)
- Major Contract Conditions: Contract deposit and advance payment exist; collection of payments will be made according to construction progress.
- Other Details: The contract amount and recent sales were rounded to the nearest hundred million KRW. The contract period and final settlement amount may change in the future during the construction process.
📈 2. [Expert Perspective: What This Disclosure Means for Investors]
- Execution of a New Supply Contract: This disclosure serves as a factual notification confirming that Hanwha Ocean has finalized a supply contract for one next-generation icebreaking research vessel with the Korea Polar Research Institute. The contract amount of KRW 279.4B accounts for 2.6% of the company’s consolidated revenue at the end of 2024.
- Contract Terms and Payment Collection: The contract period is set from July 29, 2025, to June 7, 2029. The terms specify “collection according to construction progress,” with a contract deposit and advance payment included. The official disclosure text does not state the specific accounting methods or exact timing for revenue and profit recognition on the financial statements.
- Investor Checkpoints: According to the crucial matters for investment judgment in the filing, the final contract period and settlement amount are subject to change during the construction process. Since the official filing does not state any specific projections regarding profitability changes or the underlying causes of potential financial fluctuations, investors should focus strictly on observing whether the stated figures and supply duration undergo adjustments.
📝 Editor’s Comment (by K-STOCK Editor)
This disclosure regarding the single sales/supply contract formally records that Hanwha Ocean has entered into a contract with the Korea Polar Research Institute to supply a next-generation icebreaking research vessel until June 7, 2029. The contract amount stands at KRW 279.4B, representing 2.6% of the company’s recent annual sales.
The primary checkpoint that international investors should examine next is whether any modifications occur to the contract terms during the execution period. As the filing explicitly notes that the contract duration and the final settlement amount can be adjusted during the construction process, it remains necessary to verify if these finalized figures are maintained without subsequent revisions.
The original disclosure provides no evaluation regarding financial impacts, portfolio diversification effects, or specific risk variables. Therefore, avoiding subjective interpretations or forecasts, investors must rely on tracking the actual status of the contract through upcoming regular quarterly reports (Q1 to Q4) and half-year reports (H1 to H2).
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on the official data submitted to the Financial Supervisory Service Electronic Disclosure System (DART).
Investment Risk Notice: This information 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 liabilities rest solely with the investor.
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