SONGFA(SH:603268) Sou Hu Cai Jing·2025-10-09 10:15Core Viewpoint - *ST Songfa (603268.SH) has signed contracts for the construction of six 306,000-ton ultra-large crude oil tankers with two well-known European shipowners, with a total contract value estimated between $600 million to $900 million, which is expected to positively impact the company's future performance and enhance its long-term market competitiveness and profitability [1] Summary by Relevant Categories Company Developments - The contracts signed by *ST Songfa's subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., involve the construction of six ultra-large crude oil tankers [1] - The total contract amount is approximately $600 million to $900 million [1] Market Impact - The signing of these contracts is anticipated to have a positive effect on the company's future performance [1] - The contracts are expected to improve the company's long-term market competitiveness and profitability [1] Operational Considerations - The execution period of the contracts is relatively long, which may be influenced by factors such as shipping and shipbuilding market fluctuations, customer demand, raw material price volatility, and exchange rate fluctuations [1]