HD-Hyundai Marine Engine has signed a ship engine supply contract worth 24.82 billion KRW (24,816,788,640 KRW) with Chinese shipbuilder XMXYG Shipbuilding & Offshore Engineering.
The contract amount represents 6.2% of the company's 2025 consolidated revenue of 402.4 billion KRW, with a contract period from May 29, 2026 to April 12, 2029 (approx. 3 years).
Payment terms include advance payment, progress payment, and balance payment according to the engine delivery schedule. The contract value was calculated using the exchange rate of 1,505.8 KRW/USD as of the disclosure date.
This order is a positive development as it ensures stable revenue for the next three years in the core ship engine business, reinforcing the company's earnings visibility.
[AI Comprehensive Analysis]While the contract size is only 6.2% of total sales and not a game-changer, it confirms sustained demand in the core business, positively impacting shareholder value. This news is more about earnings stability than short-term price spikes.
KOSPI Filing Information
Filing: Conclusion of a Single Sales and Supply Contract