Contract Value for Wonjong-dong Hyundai Mokhwa Apartment Redevelopment Increased from 55.4B to 59.9B KRW, Slightly Boosting Revenue Contribution to 3.51%
Contract value increase: HJ Shipbuilding & Construction signed an amendment increasing the contract amount for the Wonjong-dong Hyundai Mokhwa Apartment Redevelopment Project from 55.4B KRW to 59.9B KRW, up 4.4B KRW (8%)
Revenue contribution: The revised contract amount represents 3.51% of 2021 consolidated revenue (1,706.5B KRW), a slight increase in contribution
Contract terms: No advance payment, progress payments; construction period of 30 months from start date; project includes 185 households in two buildings
Disclosure background: This correction was filed on June 1, 2026, to reflect changes to the original single sale/supply contract signed in October 2024, with the key change being the increased contract amount
[AI Summary]The contract value increase expands an existing order, providing a mild positive impact on shareholder value through higher revenue contribution; however, the contract accounts for only 3.51% of revenue, limiting near-term stock price impact. Successful project execution remains key for future earnings.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
Company: HJ Shipbuilding & Construction (097230)
Submission: HJ Shipbuilding & Construction Co., Ltd