Woowon Development Increases Contract with Lotte Construction to KRW 80.7 Billion for Tunnel Construction… Positive Signal for Order Backlog
The correction disclosure increases the single sales/supply contract amount from KRW 77.4 billion to KRW 80.7 billion, a rise of approximately KRW 3.27 billion (4.2%).
The counterparty is Lotte Construction, and the project involves vertical shafts and tunnel construction for Section 5-1 of the Shinansan Double-track Railway.
The increased contract amount represents 25.51% of the latest annual revenue (2020 consolidated: KRW 316.3 billion) and exceeds the current market cap of about KRW 71.7 billion, indicating a significant order.
The contract period remains unchanged from April 2021 to August 2026, and this amendment reflects an expansion of the existing contract scope.
[AI Comprehensive Analysis]The contract increase bolsters Woowon Development's order backlog and revenue stability, but the modest increment and the fact it is a contract modification limit the upside for the stock. Nonetheless, the contract size relative to market cap suggests meaningful financial contribution.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract