1. What Happened? – The ₩26 Billion Deal

Doosan Fuel Cell signed a ₩26 billion contract with Samchully ES on August 21, 2025, to supply fuel cell systems. This deal represents a significant 6.31% of Doosan Fuel Cell’s revenue.

2. Why Does It Matter? – Opportunities and Risks

Positive Aspects:

  • Short-Term Revenue Growth: The ₩26 billion contract will directly contribute to short-term revenue growth.
  • Confirmed Business Stability: Consistent order intake demonstrates the stability of Doosan Fuel Cell’s business foundation.
  • Hydrogen Economy Growth Expectations: Aligning with the government’s hydrogen economy promotion policies, this deal increases the likelihood of future orders.

Negative Aspects:

  • Limited Profitability Improvement: The contract size alone is unlikely to significantly improve profitability.
  • Exchange Rate and Interest Rate Fluctuation Risks: Rising exchange rates and interest rates could increase financial burden.
  • Macroeconomic Uncertainty: Fluctuations in international oil and raw material prices, among other macroeconomic factors, could influence investor sentiment.

3. Investment Strategies

While this contract is a positive sign, investors should consider the following before making a decision:

  • Profitability Improvement Strategy: Cost reduction and securing profitability in new businesses are crucial.
  • Future Growth Drivers: Carefully assess the growth potential of new businesses.
  • Managing Macroeconomic Variables: Establish a strategy for navigating exchange rate and interest rate fluctuations.

Avoid being swayed by the potential for short-term stock price increases. Investment decisions should be based on a thorough analysis of the company’s fundamentals and long-term growth potential.