Woowon Development: Supply Contract Amount Increased by 1.53 Billion Won to 87.67 Billion Won for Gwangmyeong-Seoul Highway Project – Mild Positive Impact on Revenue Visibility
Contract amount increased: from KRW 86.145 billion to KRW 87.672 billion, up approximately KRW 1.527 billion (1.77%). Expansion of supply scale for Gwangmyeong-Seoul highway private investment project (Section 3).
Counterparty is SK Ecoplant Co., Ltd., a financially stable company, reducing collection risk.
Contract amount represents 44.66% of recent revenue (consolidated revenue of KRW 196.292 billion in 2022), indicating a major revenue contributor.
Since the initial contract in December 2023, there have been 14 amendments. Frequent adjustments suggest potential cost changes, but the upward trend signals smooth project progress.
[AI Comprehensive Analysis]The contract increase is positive for order backlog, but the magnitude is limited (1.77%) and likely already priced in. Investors should monitor cost volatility due to frequent amendments.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract