Samsung Heavy Industries raised the value of a building contract to ₩639.9bn on August 31. The customer is Samsung Electronics and the work is a semiconductor fab in Pyeongtaek.
Operating cash flow reached ₩2,306.9bn across the first half of 2026, equal to 37.6% of the ₩6,133.0bn of revenue recognised in the period.
Samsung Heavy Industries reported a net loss in every fiscal year from 2015 through 2023, nine consecutive years totalling more than ₩7.1tn.
Samsung Heavy Industries set a 2026 order target of $13.9bn, of which $8.2bn is offshore facilities and only $5.7bn is commercial vessels.
Samsung Heavy Industries (KRX:010140) will invest ₩86 billion to expand its marine research and development center in Busan, the company said Wednesday.
Samsung Heavy Industries is moving and expanding its Busan research facility with ₩86 billion ($62 million) to boost marine engineering and ship design.
Samsung Heavy Industries Co., Ltd. (010140) raised the value of a construction contract with affiliate Samsung Electronics to ₩639.9bn (~$457.0m) from ₩423.7bn, a filing dated August 31 said, an increase of ₩216.1bn, or 51%.
Samsung Heavy Industries (010140) said Monday it signed a ₩444.5bn (~$322m) contract to build two container ships for an unnamed African shipowner, according to a regulatory filing covering an order booked August 28.
| Period | 010140 | KOSPI | Difference |
|---|---|---|---|
| 1 week | +0.9% | -1.5% | +2.4% |
| 1 month | -1.2% | +5.2% | -6.3% |
| 3 months | -24.6% | -22.6% | -2.1% |
| 6 months | -8.9% | +31.3% | -40.2% |
| Year to date | -11.2% | +58.7% | -69.9% |
| 1 year | +2.1% | +108.9% | -106.8% |
Closed at 13% of the way from its 52-week low (₩19,400) to its 52-week high (₩34,400).
Samsung Heavy is finishing interior work on Samsung Electronics' P4 Phase 2 fab building in Pyeongtaek. On August 31 it revised the contract price to 639.9 billion won. The old price was 423.7 billion won. That is a 51% increase. Samsung Electronics is the customer. It is also a related company of Samsung Heavy, so this counts as a related-party contract. Work began in July 2023. The contract runs through the end of 2027. The filing says the end date can still move with construction progress. This is at least the fourth revision to a contract first disclosed in December 2023. The filing does not say why the scope or price grew.
Samsung Heavy signed a contract on 31 July 2026 to build two tankers for a European shipowner. The value is ₩268.0bn, which the filing translates from dollars at ₩1,441.1 to the dollar, so roughly $186m. That is 2.5% of FY2025 consolidated revenue of ₩10,650.0bn and about 1.4% of the market value. Delivery runs to 31 August 2029, and the company notes the end date moves with construction progress. Unlike the Pyeongtaek fab construction contract filed a month later, this one carries an advance payment, with the balance collected against build milestones. That is the normal shipbuilding pattern: the customer funds part of the hull before steel is cut, which is why Samsung Heavy's current liabilities are large relative to its assets.
Samsung Heavy Industries builds ships and offshore production facilities at Geoje, on Korea's south coast. It is the smallest of Korea's three big yards by revenue but the most specialised: it has built more floating liquefied natural gas vessels than anyone, and offshore production units are a far larger share of its order book than at HD Korea Shipbuilding or Hanwha Ocean. Those units are effectively gas processing plants mounted on hulls, sold to oil majors and gas developers for a billion dollars or more each, and they are among the most technically demanding structures made anywhere. Alongside them it builds LNG carriers, container ships and tankers. Unlike its two domestic rivals it has no naval or defence business of consequence, so its fortunes track energy company capital spending rather than government budgets. For a US reader it is closest to a specialist offshore fabricator with a commercial shipyard attached.
| Sector | Shipbuilding | Employees | |
| Market | KOSPI | Founded | |
| Korean name | 삼성중공업 | Head office |
| Symbol | Last Price |
|---|---|
| 329180HD HYUNDAI HEAVY INDUSTRIES CO.,LTD. | ₩436,500 +0.3% |
| 042660Hanwha Ocean Co., Ltd. | ₩86,800 +0.3% |
| 009540HD Korea Shipbuilding & Offshore Engineering Co., Ltd. | ₩348,500 +1.3% |
| 443060HD Hyundai Marine Solution Co., Ltd. | ₩210,500 +2.4% |
| 439260Daehan Shipbuilding Co., Ltd. | ₩46,950 +0.8% |
| 075580Sejin Heavy Industries Co., Ltd. | ₩10,280 +0.9% |
| 460930Hyundai Hyms Co., Ltd. | ₩13,260 +0.8% |