Device Lands 26.4 Billion KRW Display Equipment Supply Contract with BOE - Equivalent to 31% of Revenue, Boosting Growth Prospects

Device has signed a 26.36 billion KRW contract with Chengdu BOE Display Technology Co., Ltd. for display manufacturing equipment, representing 31.35% of its 2025 annual revenue (84.08 billion KRW), marking a significant order.
Payment terms are structured to minimize collection risk: 40% advance cash payment (TT) after purchase order, 50% via letter of credit (LC) after shipment, and the remaining 10% within 180 days after final acceptance test (FAT) or shipment.
The contract runs from May 20, 2026 to December 20, 2026, with revenue recognition expected in the second half of the year, positively impacting Device's financial performance.
[AI Comprehensive Analysis]This order is a meaningful event contributing to customer diversification and revenue expansion, likely providing positive momentum for the stock price in the short term. However, investors should monitor the actual revenue recognition timing, which depends on equipment delivery and inspection completion, as well as exchange rate fluctuations.