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]

Group 1 - HD Hyundai Heavy Industries announced a contract for the construction of two Suezmax oil tankers with a total value of 251.1 billion KRW (approximately 180 million USD) [2] - The unit price for each tanker is approximately 90 million USD, which has increased by 2 million USD compared to a previous contract due to the appreciation of the Korean won against the US dollar [2] - The company has secured a total of 53 new ship orders worth 6.49 billion USD (approximately 47.2 billion RMB) this year, achieving about 36% of its annual order target of 18.05 billion USD (approximately 132 billion RMB) [3] Group 2 - The global oil tanker market is expected to strengthen by 2025, with a projected 2.7% increase in global seaborne oil trade volume [3] - The demand for oil tanker capacity is anticipated to grow by 3.2% due to factors such as increased oil exports from the Atlantic region to Asia and ongoing shipping reroutes caused by geopolitical events [3] - HD Hyundai Heavy Industries has extensive experience in building oil tankers, with its Suezmax tankers recognized as "world-class products" in South Korea since 2007 [3]