Core Viewpoint - Samsung Heavy Industries reported significant growth in Q2 2023, achieving an operating profit of 204.8 billion KRW (approximately 1.5 billion USD), marking a 56.7% year-on-year increase, and the first time in 11 years that quarterly operating profit exceeded 200 billion KRW [2][3] Financial Performance - Q2 2023 revenue reached 26,830 billion KRW (approximately 19 billion USD), a 6% increase year-on-year [2] - Operating profit margin improved from 5.2% in Q2 2022 to 7.6% in Q2 2023, a 2.4 percentage point increase [2] - For the first half of 2023, total revenue was 51,773 billion KRW (approximately 36.7 billion USD), with an operating profit of 327.9 billion KRW (approximately 2.3 billion USD), reflecting a 57.2% increase year-on-year [3] Order Intake and Future Outlook - As of now, Samsung Heavy Industries has secured new ship orders totaling 19 vessels worth 3.3 billion USD, achieving 34% of its annual order target of 9.8 billion USD [3] - The company anticipates strong demand for LNG carriers and large ethane carriers (VLEC) in the medium to long term, alongside a growing need for new orders in container ships and oil tankers due to aging fleets [4] - Samsung Heavy Industries is focusing on high-value ship orders and plans to enhance management and production efficiency to maintain performance improvement [5] Strategic Goals - The company aims to achieve an operating profit of 630 billion KRW (approximately 0.47 billion USD) and total revenue of 10.5 trillion KRW (approximately 8.1 billion USD) for the year [5] - By 2025, Samsung Heavy Industries targets a 6% operating profit margin, with projections of 2.9% in 2023 and 5.1% in 2024 [6]