Kotei Information disclosed its 2026 semi-annual report. Net profit attributable to the parent swung from profit to loss in the first half, with a loss of 29.44 million yuan. The company achieved operating revenue of 319 million yuan in the first half, up 15.82 percent year on year. Among this, intelligent cockpit revenue was 138 million yuan, intelligent electric drive and XCU revenue was 29.36 million yuan, and intelligent office software revenue of 80.55 million yuan became the main incremental contributor. The swing to a loss was mainly because some projects had not yet been delivered and accepted, causing overall gross margin to decline. Exchange losses from yen exchange rate fluctuations pushed financial expenses up to 12.97 million yuan. In addition, share-based payment expenses were accrued, and government subsidies fell 86 percent year on year to 2.29 million yuan. Net operating cash flow was an outflow of 64.39 million yuan, turning negative from a net inflow of 92.61 million yuan in the same period last year. Tokyo Kotei, Huating Shuhang, and Guangzhou Kotei all posted losses, while only Nanjing Kotei and Kaima Information achieved profits.
Wuhan Kotei Informatics Co.Ltd.Swing to net loss of 29.44 million yuan due to margin decline, FX losses, and lower subsidies.
