SONGFA(SH:603268) Xin Lang Cai Jing·2025-11-11 09:01Core Viewpoint - *ST Songfa's subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., has signed contracts for the construction of four VLCC (Very Large Crude Carrier) oil tankers with a well-known European shipowner, with a total contract value of approximately $400-600 million, which is expected to positively impact the company's future performance and enhance its medium to long-term market competitiveness and profitability [1] Summary by Relevant Sections - Contract Details - The contract involves the construction of four VLCC oil tankers [1] - The total contract value is estimated to be between $400 million and $600 million [1] - Impact on Company Performance - The signing of the contract is anticipated to have a positive effect on the company's future performance [1] - It is expected to improve the company's medium to long-term market competitiveness and profitability [1] - Potential Risks - The long contract execution period may be influenced by fluctuations in the shipping and shipbuilding markets, customer demand, raw material price volatility, and exchange rate changes [1]