Summary of Key Points Core Viewpoint - The report highlights a significant outflow of main capital from various stocks in the Shanghai and Shenzhen markets, with 576 stocks experiencing net outflows for five consecutive days or more, indicating potential investor concerns and market volatility [1]. Group 1: Stocks with Longest Net Outflow - Dahan Technology has the longest streak of net outflows, with 23 consecutive days [1]. - Dameng Data follows with 19 consecutive days of net outflows [1]. Group 2: Stocks with Highest Total Net Outflow - Yingweike has the largest total net outflow amounting to 3.26 billion yuan over 7 days [1]. - Hengtong Optics ranks second with a total net outflow of 1.472 billion yuan over 8 days [1]. Group 3: Stocks with Highest Net Outflow Percentage - ST Aowei has the highest percentage of net outflow relative to trading volume, with a 19.88% decline over the past 5 days [1]. - Other notable stocks with significant net outflow percentages include Haima Automobile at 9.06% and Antong Holdings at 10.61% [1]. Group 4: Performance of Stocks with Net Outflows - The report indicates that many stocks with significant net outflows have also experienced notable declines in their prices, such as Haima Automobile with a drop of 17.41% and Jiumuwang with a decline of 22.67% [1]. - Conversely, some stocks like Dameng Data have shown a slight increase of 4.79% despite the outflow [3].

格隆汇12月31日丨达梦数据(688692.SH)在投资者互动平台表示，目前，公司未与Manus建立业务合作关 系，双方各自聚焦于自身的技术研发与市场拓展。 ...

证券代码：688692 证券简称：达梦数据 公告编号：2026-001 武汉达梦数据库股份有限公司 关于参与投资设立股权投资基金的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： | 投资标的名称 | | | 合肥中湾达梦股权投资基金合伙企业（有限合伙） | | --- | --- | --- | --- | | 投资金额（万元） | 10,000 | | | | 投资进展阶段 | 完成 | 终止 | 交易要素变更 进展 | | 特别风险提示（如有请勾选） | 募集失败 | | | | | 未能完成备案登记 | | | | | 提前终止 | | | | | 发生重大变更 | | | | | 其他： | | | 一、合作投资基本情况概述 武汉达梦数据库股份有限公司（以下简称"公司"）基于自身及市场情况， 为增强业务能力和产品竞争力，拟通过与粤港澳大湾区科技创新产业投资基金 （有限合伙）、中湾私募基金管理有限公司（以下简称"中湾私募"）共同设立 产业基金中湾达梦并购（合肥）股权投资基金 ...

Core Viewpoint - The software services sector is entering a new phase of differentiation, driven by AI, with opportunities becoming more concentrated but of higher quality [2]. Group 1: Industry Overview - By 2025, the A-share software services industry is expected to show a moderate but certain recovery, with an overall market value growth of approximately 18%, increasing from 3.32 trillion yuan at the beginning of the year to 3.9 trillion yuan by year-end [3]. - The market perception is shifting from "growth anxiety" to "capability reassessment," indicating a more mature evaluation of companies in the sector [3]. - The growth in market value across different segments is relatively balanced but still shows tiered differences, with the highest growth seen in Information Technology Consulting and Other Services at +19.6%, reflecting a renewed demand for IT consulting and industry solutions [3][4]. Group 2: Market Segmentation - The market performance of various segments in 2025 is as follows: - Internet Services and Infrastructure: 5,156.09 billion yuan (+16.16%) - System Software: 632.39 billion yuan (+16.12%) - Information Technology Consulting and Other Services: 11,274.12 billion yuan (+19.61%) - Application Software: 21,970.58 billion yuan (+17.00%) - Total: 39,033.18 billion yuan (+17.62%) [4]. - The software services market has evolved from a broad-based growth model to one focused on industry depth, organizational replacement capabilities, and long-term cash flow [4]. Group 3: Leading Companies - As of the end of 2025, there are 319 software service companies listed in A-shares, with a focus on those excelling in R&D innovation, profitability, growth potential, and market performance [5]. - The top ten companies identified include: 1. Kingsoft Office 2. Tonghuashun 3. Runze Technology 4. Huada Jiutian 5. 360 6. Dameng Data 7. Hengniu Shenzi 8. Hongsoft Technology 9. Baoxin Software 10. Hehe Information [7][8]. Group 4: R&D and Financial Health - The R&D innovation performance in the software services sector shows significant polarization, with 57 companies scoring above 400 points (17.9%) and a majority scoring between 200 and 400 points (65.5%) [9]. - Financial health scores indicate that many companies are under pressure, with 87.5% of firms scoring between 300 and 500 points, reflecting challenges such as narrowing profit margins and increased cash flow pressures [11]. Group 5: Growth Potential and Future Trends - Growth potential scores reveal a clear differentiation in the sector, with standout companies in two categories: those benefiting from AI infrastructure and emerging platforms, and those driven by AI and data intelligence technologies [12]. - The structural growth in the software services industry validates the logic of AI technology and domestic substitution, with a focus on three main lines for 2026: 1. Deepening AI applications in system software and entertainment software [15]. 2. Increasing domestic substitution in foundational software like operating systems and databases [15]. 3. Expanding global presence in gaming and industrial software [15].

公司于 2025 年 12 月 30 日召开了第二届董事会第十八次会议，审议通过了《关 于调整公司第二届董事会战略与发展委员会委员的议案》，鉴于公司董事会成员变 动，为保障董事会战略与发展委员会的规范运作，根据《公司章程》《董事会战略 与发展委员会工作制度》等相关规定，董事会战略与发展委员会应由 7 名董事组成。 公司结合实际情况，选举王海龙先生为第二届董事会战略与发展委员会委员，任期 自第二届董事会第十八次会议审议通过之日起至公司第二届董事会任期届满之日 止。调整前后的第二届董事会战略与发展委员会委员如下表： | 调整对比 | 战略与发展委员会人员构成 | | --- | --- | | 调整前人员组成 | 冯裕才（召集人）、谌志华、皮宇、韩朱忠、陈文、黄刚、 | | | 张凤楠 | | 调整后人员组成 | 冯裕才（召集人）、谌志华、皮宇、韩朱忠、黄刚、张凤 | | | 楠、王海龙 | 特此公告。 证券代码：688692 证券简称：达梦数据 公告编号：2025-066 武汉达梦数据库股份有限公司 关于调整第二届董事会战略与发展委员会委员的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 ...

证券代码：688692 证券简称：达梦数据 公告编号：2025-065 武汉达梦数据库股份有限公司 2025年第六次临时股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、会议召开和出席情况 （一） 股东会召开的时间：2025 年 12 月 30 日 （二） 股东会召开的地点：武汉达梦数据库股份有限公司 2 号楼 18 楼 1810 会 议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 91 | | --- | --- | | 普通股股东人数 | 91 | | 2、出席会议的股东所持有的表决权数量 | 64,923,222 | | 普通股股东所持有表决权数量 | 64,923,222 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 57.3324 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 57.3324 ...

北京金杜（成都）律师事务所 关于武汉达梦数据库股份有限公司 2025 年第六次临时股东会的 法律意见书 致：武汉达梦数据库股份有限公司 北京金杜（成都）律师事务所（以下简称本所）接受武汉达梦数据库股份 有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理 委员会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国 境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政 区、中国澳门特别行政区和中国台湾省）现行有效的法律、行政法规、规章、 规范性文件（以下统称法律法规）和现行有效的《武汉达梦数据库股份有限公 司章程》（以下简称《公司章程》）有关规定，指派律师出席公司于 2025 年 12 月 30 日召开的公司 2025 年第六次临时股东会（以下简称本次股东会），并就本 次股东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师查阅了公司提供的以下文件： 1. 经公司 2025 年第三次临时股东会审议通过的《公司章程》； 2. 公司于 2025 年 12 月 12 日召开的第二届董事会 ...

Core Insights - The article presents a ranking of the most profitable new stocks since the implementation of the comprehensive irrigation system on February 17, 2023, highlighting their first-day performance [2][3]. Summary by Sections Stock Performance - The top-performing new stock is C沐曦-U, which had an issuance price of 104.66 and closed at 829.90, achieving a closing increase of 692.95% and a peak increase of 755.15% [3]. - The second-ranked stock, 暨尔线程-U, was issued at 114.28 and closed at 600.50, with a closing increase of 425.46% and a peak increase of 502.03% [3]. - 长联科技, ranked third, had an issuance price of 21.12 and closed at 381.00, resulting in a closing increase of 1,703.98% and a peak increase of 1,831.82% [3][4]. - Other notable mentions include 红四方, 诺瓦星云, and 中国瑞林, which also demonstrated significant first-day performance with closing increases ranging from 202.62% to 1,917.42% [4]. Market Trends - The article indicates a trend of substantial returns for new stocks, particularly in the 科创板 and 创业板 segments, suggesting a robust market environment for new listings [2][3][4].

Core Insights - The article discusses the performance of newly listed stocks since February 17, 2023, highlighting the significant price increases on their first trading days [3][4]. Group 1: Stock Performance - The top-performing new stock is C沐園-U, which had an initial price of 104.66 and closed at 829.90, marking a closing increase of 692.95% [4]. - 摩尔线程-U follows with an initial price of 114.28 and a closing price of 600.50, resulting in a 425.46% increase [4]. - 长联科技, with an initial price of 21.12, closed at 381.00, reflecting a remarkable increase of 1,703.98% [4]. - 红四方 saw its stock rise from an initial price of 7.98 to a closing price of 160.99, achieving a closing increase of 1,917.42% [4]. - 中国瑞林's stock increased from 20.52 to 99.90, resulting in a closing increase of 386.84% [5]. Group 2: Trading Volume and Price Fluctuations - The highest intraday price increase was observed in 托普云农, which had a maximum price of 170.00, reflecting an intraday increase of 1,072.41% from its initial price of 14.50 [6]. - The stock with the highest trading volume was C沐園-U, with 395,170 shares traded on its first day [4]. - The stock with the second-highest trading volume was 摩尔线程-U, with 286,860 shares traded [4].

武汉达梦数据库股份有限公司 2025 年第六次临时股东会会议资料 2025 年第六次临时股东会会议资料 股票简称：达梦数据 股票代码：688692 二〇二五年十二月 2025 年第六次临时股东会会议资料 目 录 | 2025 年第六次临时股东会会议须知 | 2 | | --- | --- | | 2025 年第六次临时股东会会议议程 | 4 | | 议案一：关于取消监事会、修订《公司章程》并办理工商变更登记的议案 | | | | 6 | | 议案二：关于制定及修订公司部分内部治理制度的议案 | 7 | 1 2025 年第六次临时股东会会议资料 2025 年第六次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会议的顺 利进行，根据《中华人民共和国公司法》（以下简称《公司法》）《中华人民共和国证 券法》（以下简称《证券法》），中国证监会《上市公司股东会规则》以及《武汉达梦 数据库股份有限公司章程》（以下简称《公司章程》）《武汉达梦数据库股份有限公司 股东会议事规则》的相关规定，武汉达梦数据库股份有限公司（以下简称"达梦数据" 或"公司"）特制定 2025 年第六次临时股东会会 ...