Samsung Pyeongtaek Semiconductor Construction Contract Reduced from 212.8B to 193.5B KRW with Extended Timeline... Lowered Revenue Expectations Due to Reduced Order Size
Contract amount decreased by 9.1% from 212.82B KRW to 193.467B KRW (reduction of ~19.35B KRW), signaling lower future revenue expectations.
Contract end date extended from May 2026 to October 2029 (3 years 5 months), increasing long-term project risk.
Progress rate of 75.98% as of May 29, 2026, with ~146.99B KRW collected. Remaining contract value ~46.48B KRW (excl. VAT).
Counterparty is AirFirst (industrial gas manufacturer); contract involves gas supply tunnel construction for Samsung Pyeongtaek semiconductor plant.
[AI Comprehensive Analysis]The contract reduction and extension are short-term negatives, but high progress and collections limit cash flow impact. However, increased long-term uncertainty and reduced order size may weigh on mid-to-long-term stock price.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract