Core Viewpoint - The company has signed contracts for the construction of one Very Large Crude Carrier (VLCC) and two Capesize bulk carriers, which are expected to enhance its market competitiveness and profitability in the long term [1][2]. Group 1: Contract Details - The contracts include one VLCC with a capacity of 306,000 tons and two Capesize bulk carriers, with the counterparty being a well-known international shipping company [1]. - The contracts are denominated in USD, with a performance period from the signing date until the delivery of the vessels, scheduled for mid-2026 and the second half of 2027 [1]. Group 2: Vessel Specifications - The VLCC is designed for high loading capacity, strong endurance, and operational efficiency, meeting the latest international design concepts and low-carbon transportation needs [1]. - The Capesize bulk carriers are core vessels in the international dry bulk shipping market, designed for scale transport, strong endurance, and superior economics, aligning with the trends of larger and greener bulk fleets [1]. Group 3: Impact on Company Performance - The normal execution of these contracts is expected to positively impact future performance, enhancing the company's long-term market competitiveness and profitability [2]. - The contracts will further solidify the company's competitive advantages in the ultra-large crude carrier market and the mainstream large bulk carrier market [2].

Core Viewpoint - *ST Songfa has signed contracts for the construction of three vessels, which is expected to positively impact the company's future performance and strengthen its market competitiveness in the shipping industry [2][5]. Group 1: Contract Details - The contracts involve the construction of one Very Large Crude Carrier (VLCC) and two Capesize bulk carriers, with a total contract value estimated between $200 million and $400 million [3]. - The delivery dates for the vessels are set for mid-2026 and the second half of 2027 [3]. - The contract amount exceeds 50% of the company's audited revenue from the previous fiscal year, as per stock listing regulations [3]. Group 2: Vessel Specifications - The VLCC is designed for high efficiency, capable of adapting to major global oil ports and meeting the demands of long-distance crude oil transportation [4]. - The Capesize bulk carriers are recognized for their significant transportation advantages and economic efficiency, suitable for transporting bulk commodities like iron ore and coal [4]. Group 3: Impact on Company Performance - The successful execution of these contracts is anticipated to enhance the company's long-term market competitiveness and profitability [5]. - The recognition of revenue from these contracts will depend on accounting standards and the actual performance of the contracts over time [5].

Core Viewpoint - *ST Songfa has signed contracts for the construction of three vessels, which are expected to enhance its competitive advantage in the shipping industry [1][3]. Group 1: Contract Details - The contracts involve one Very Large Crude Carrier (VLCC) and two Capesize bulk carriers, with a total contract value estimated between $200 million and $400 million [2]. - The delivery schedule for the vessels is set for mid-2026 and the second half of 2027 [2]. - The contract amount exceeds 50% of the company's audited revenue from the previous fiscal year, thus meeting specific regulatory thresholds [2]. Group 2: Competitive Advantage - The VLCC is designed for high efficiency, capable of adapting to major oil ports globally, and is suitable for long-distance crude oil transportation [3]. - The Capesize bulk carriers are positioned as core vessels in the dry bulk shipping market, offering significant scale advantages and economic efficiency [3]. - Successful construction of these vessels is expected to reflect the company's innovation capabilities and technical strength in high-end shipbuilding [3]. Group 3: Future Impact - The company anticipates that the normal execution of these contracts will positively impact future performance, enhancing long-term market competitiveness and profitability [3]. - Revenue recognition from these contracts will be determined based on accounting standards and the actual performance of the contracts [4].

Core Viewpoint - *ST Songfa has signed contracts for the construction of three vessels, which is expected to enhance its competitive advantage in the shipbuilding industry and positively impact its future performance [2][4][6]. Group 1: Contract Details - The contracts involve one Very Large Crude Carrier (VLCC) and two Capesize bulk carriers, with a total contract value estimated between $200 million and $400 million [4]. - The delivery schedule for the vessels is set for mid-2026 and the second half of 2027 [4]. - The contract amount exceeds 50% of the company's audited main business income for the most recent fiscal year, as per stock listing rules [4]. Group 2: Vessel Specifications - The VLCC is designed for high efficiency, capable of adapting to major global oil ports and meeting the demands of long-distance crude oil transportation [6]. - The Capesize bulk carriers are recognized for their significant scale transport advantages and economic efficiency, suitable for transporting bulk commodities like iron ore and coal [6]. Group 3: Impact on Company Performance - The successful construction of these vessels is expected to enhance the company's long-term market competitiveness and profitability [6]. - The company emphasizes that the normal execution of these contracts will have a positive impact on its future performance [6]. - Revenue recognition from these contracts will depend on accounting standards and the actual performance of the contracts over time [7].