Source: Financial Supervisory Service Data Analysis, Retrieval and Transfer System (DART) / 2024-08-23
Disclosure Type: Execution of Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Ocean has executed a contract worth KRW 460.2B with the Defense Acquisition Program Administration for the supply of one auxiliary ship, with the contract period running from August 23, 2024, to December 31, 2028.
📊 1. [Core Disclosure Content & Key Figures Summary]
- Contract Classification: Construction Order (1 Auxiliary Ship)
- Contract Amount: KRW 460,200,000,000 (KRW 460.2B)
- Ratio to Recent Sales: This represents 6.2% of the consolidated sales of the previous fiscal year (KRW 7,408.3B at the end of 2023). (The contract amount and recent sales figures were rounded to the nearest hundred million KRW.)
- Counterparty: Defense Acquisition Program Administration (No relationship with the company)
- Sales & Supply Region: Domestic (South Korea)
- Contract Period: From August 23, 2024 (Contract Date/Start Date) to December 31, 2028 (End Date).
- Other Matters: The aforementioned contract period and the final settlement amount may change in the future during the construction process. This disclosure is related to the Obligatory Fair Disclosure filed on July 26, 2024.
📈 2. [Expert View: What This Disclosure Means for Investors]
This disclosure contains the confirmed figures and schedule for the contract executed between Hanwha Ocean and the Defense Acquisition Program Administration for one auxiliary ship. The contract value is KRW 460.2B, which accounts for 6.2% of the previous fiscal year’s revenue, and the project spans approximately four years and four months from August 23, 2024, to December 31, 2028.
What investors need to verify is the notes under important matters for investment judgment. The disclosure explicitly states that the contract period and the final settlement amount may be adjusted in the future during the construction process, clarifying that the figures in the contract may not be fixed. The disclosure does not explain specific reasons for earnings volatility or provide details regarding its financial impact.
📝 Editor’s Comment (by K-STOCK Editor)
This disclosure is a document formalizing the specific terms of the contract executed between Hanwha Ocean and the Defense Acquisition Program Administration for one auxiliary ship. This contract follows the Obligatory Fair Disclosure filed on July 26, 2024, showing that the definitive contract has now been officially signed.
The objective tracking points for investors going forward will be whether any changes are made to the actual schedule or the final settlement amount over the contract timeline ending on December 31, 2028. As stated in the text, since the possibility of adjustments during the process remains open, the key checkpoint is to monitor whether any subsequent corrections to the figures occur in the future.
📢 Disclaimer & Source Information
Source: This content was structured and newly generated based on the official data submitted to the Financial Supervisory Service Data Analysis, Retrieval and Transfer 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 any specific stock. All investment decisions and financial responsibilities rest solely with the investor.
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