Seohan wins 155.4 billion KRW housing redevelopment contract in Daegu, representing 24% of annual sales - large contract win

Seohan announced a contract to carry out the Bongsan-dong housing redevelopment project in Jung-gu, Daegu. The contract value is approximately 155.4 billion KRW, representing 24.09% of its 2025 consolidated annual sales (645.1 billion KRW), a large-scale order.
The counterparty is the Bongsan-dong Housing Redevelopment Project Union, and the contract period is 40 months from the commencement date (May 26, 2026 to September 25, 2029). Payment terms are cash every two months with no advance payment.
This order is expected to positively contribute to Seohan's revenue growth and stable earnings base. With 100% self-participation, profitability can be maximized, and the contract amount can be adjusted for inflation, limiting risk.
[AI Comprehensive Analysis]This disclosure is positive news, demonstrating Seohan's continued order capability and business stability, likely boosting short-term stock price. However, investors should consider long-term execution risks over 3+ years and potential construction cost fluctuations.