Seoho Electric Secures 107.9 Billion KRW Crane Control System Order, 92.5% of Annual Sales
Seoho Electric has signed a 107.9 billion KRW contract with Shanghai Zhenhua Heavy Industries to supply electrical control systems for cranes.
The contract amount represents 92.5% of last year's consolidated revenue, with delivery scheduled from June 2026 to February 2028.
Payment terms include 10% advance, 75% on shipment, and 15% after commissioning, all via irrevocable letter of credit, minimizing collection risk.
The counterparty, Shanghai Zhenhua Heavy Industries, is a major Chinese state-owned heavy machinery company with a strong credit profile and prior contract history.
No treasury stock transactions or capital changes were disclosed.
[AI Summary]Seoho Electric has secured a massive order worth 92.5% of its annual sales, providing stable revenue visibility for the next two years. The high-credit counterparty and favorable payment terms reduce transaction risk, supporting a positive stock price outlook.