Winners Elec Extends Exclusive Water Meter Supply Contract with Smartmeter Worth 4.2 Billion KRW, Securing 15.93% of Annual Sales

Winners Elec announced a correction to its single sale and supply contract disclosure, extending the exclusive secondary product supply contract for water meters with Smartmeter Inc. until December 31, 2026. The contract, originally ending June 30, 2026, is valued at 4.2 billion KRW excluding VAT, representing 15.93% of Winners Elec's recent annual sales of 26.36 billion KRW.
The correction only modifies the contract period without any changes to terms or amounts, ensuring continued revenue stability.
[AI Summary]The six-month extension of Winners Elec's core water meter supply contract strengthens its revenue base and enhances cash flow predictability. However, it also increases customer concentration risk, underscoring the need for future contract diversification.