HD-Hyundai Marine Engine signed a 55.8B KRW ship engine supply contract with Wuhu Shipyard (China), equivalent to 13.9% of its 2025 consolidated sales (approx. 402.4B KRW).
Contract period: May 27, 2026 to May 30, 2028; contract value based on the exchange rate on the contract date (1,507.9 KRW/USD).
The contract is conditional upon receipt of advance payments for each engine; if conditions are not met, the contract size or timeline may change, posing a risk for investors.
Payment terms: advance, interim, and final payments, adjusted according to engine delivery schedule.
[AI Comprehensive Analysis]This order is a positive sign for revenue growth, but the conditional nature (advance payment trigger) introduces uncertainty. Additionally, exchange rate fluctuations may affect the contract value. Investors should monitor project progress closely.
KOSPI Filing Information
Filing: Conclusion of a Single Sales and Supply Contract