#조선·해양 Analysis Reports
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Samsung Heavy Industries has an effectively single-business structure, with the shipbuilding and offshore segment accounting for approximately 96% of revenue and the construction segment approximately 4%, and holds a high market share in LNG carriers and FLNG (floating liquefied natural gas production facilities). In Q1 2026 (disclosed 2026-04-30), revenue was KRW 2.9023 trillion, up 16% year-over-year, and operating profit was KRW 273.1 billion, up 122% year-over-year. The reference-date closing price on 2026-07-20 was KRW 21,200, down 4.50% from the previous day, while the KOSPI index also fell 4.46% on the same day. During H1 2026, FLNG project order disclosures (KRW 4.3301 trillion, KRW 3.6536 trillion, etc.) and multiple LNG carrier orders continued.
Hyundai Glovis posted consolidated Q2 2026 revenue of KRW 8.7054 trillion (+15.8% year-on-year, a quarterly record), while operating profit fell 8.1% year-on-year to KRW 495 billion (announced 2026-07-23). The profit decline stemmed from bunker fuel cost pressure driven by oil-price increases amid Middle East geopolitical risk, together with reduced contract freight rates in the logistics segment; the company explained that approximately KRW 60 billion of the oil-price-driven cost increase would be deferred and offset in Q3. Full-year 2025 results were a record high, with revenue of KRW 29.5664 trillion (+4.1% year-on-year) and operating profit of KRW 2.0730 trillion (+18.3% year-on-year) (DART business report, received 2026-03-18). The largest shareholder is Chairman Chung Eui-sun and related parties, with a combined stake of 50.36% (DART substantial shareholding report, 2026-03-12).
Haein (003010) is a KOSPI-listed company founded in 1960 that serves as the official domestic dealer for global brands such as Caterpillar, operating across five segments: engines and generators, construction equipment, industrial/logistics equipment, parts and maintenance services, and renewable energy. The closing price on 2026-08-14 was KRW 9,690, a 52-week high, following two upper-limit days on the 7th and 14th of the month and a +19.39% surge on the 11th, prompting the Korea Exchange to give advance notice of short-term overheating designation on August 11. Per the 2026 semiannual report (cumulative, standalone basis), revenue was KRW 1,045.2 (100mn), operating profit KRW 84.1 (100mn), and net income KRW 100.6 (100mn); revenue declined for two consecutive years after peaking at KRW 2,760.8 (100mn) in 2023, while operating margin and net margin showed an improving trend.