Kotei's automotive revenue fell and its software-testing line more than halved
The Wuhan software house reported automotive-electronics revenue down 12.60 percent and testing revenue down 56.65 percent, and argued that carmakers are passing price competition upstream.
Wuhan Kotei Informatics, a listed automotive software engineering and technical services company, disclosed its 2026 interim report on August 20. Group revenue rose 15.82 percent to 318.98 million yuan, but the company swung to a net loss attributable to shareholders of 29.44 million yuan from a profit of 42.92 million yuan a year earlier.
The growth did not come from vehicles. Revenue from automotive-electronics customers fell 12.60 percent to 235.01 million yuan, with the gross margin on that business down 11.92 percentage points to 26.68 percent. A smart-office-software subsidiary consolidated into the group accounted for the increase, rising to 80.56 million yuan. By product line, software testing fell 56.65 percent to 35.05 million yuan and its margin dropped 24.72 points to 23.44 percent, while custom software development fell 11.29 percent and technical services nearly doubled to 201.65 million yuan.
The company said the automotive software industry faces budget constraints, intense competition and pressure on profitability, and attributed the loss to projects not yet delivered and accepted, yen exchange losses and share-based payment charges.
Research and development spending rose 19.56 percent to 41.10 million yuan. In the period Kotei released SDW 3.0, an artificial intelligence development platform it says has closed a requirements-to-running-software loop on automated parking, and continued work on A²OS, a vehicle operating system aimed at centralized architectures.
Source: Wuhan Kotei Informatics 2026 interim report (cninfo)