SONGFA(SH:603268) Sou Hu Cai Jing·2026-01-29 14:51Core Viewpoint - *ST Songfa has signed a significant contract for the construction of two VLCCs, which is expected to enhance its operational capacity and revenue potential in the shipping sector [1] Group 1: Company Performance - As of January 29, 2026, *ST Songfa's stock closed at 81.96 yuan, down 0.05% from the previous trading day, with a total market capitalization of 79.565 billion yuan [1] - The stock opened at 82.19 yuan, reached a high of 83.24 yuan, and a low of 81.2 yuan, with a trading volume of 2 billion yuan and a turnover rate of 1.96% [1] Group 2: Contract Details - The company’s subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., has signed contracts for the construction of two 30.6 million-ton VLCCs, with a total contract value of approximately 200-300 million USD [1] - The contracts are with a well-known European shipowner, with delivery expected in the second half of 2028 [1] - Payment will be made in USD through installments, and any disputes will be resolved through arbitration by the London Maritime Arbitrators Association [1] - This contract is classified as a routine operational contract and does not require board or shareholder approval [1]