Solux Secures KRW 15.4B Contract for Electrical, Fire, and Communication Works at Gwaejeong Apartment Complex… 40% of Sales, Positive for Stock Outlook

Solux has signed a KRW 15.44 billion (excl. VAT) contract with the Gwaejeong-dong Regional Housing Association for electrical, fire, and communication works at an apartment complex, representing 40.34% of its latest annual sales (KRW 38.27 billion).
The contract period runs from July 31, 2026 to July 31, 2029 (approx. 3 years), with monthly progress payments due within 14 days after inspection, minimizing financing burden.
The project will be executed through a combination of in-house and outsourced production under a subcontracting format, and the contract amount and timeline may change with detailed design modifications.
This order secures stable revenue for the next three years, positively impacting Solux's stock outlook.
No separate share buyback, cancellation, or dividend disclosures were made, but the large order alone can improve investor sentiment.
[AI Comprehensive Analysis]This contract is significant relative to Solux's sales and expected to enhance profitability, but it increases reliance on a single project and carries risks from potential contract changes. Overall, it is positive for securing mid- to long-term growth momentum.