北京市金杜律师事务所 关于武汉达梦数据库股份有限公司 2024 年第三次临时股东大会的 5. 公司 2024 年 9 月 6 日刊登于上交所网站（网址：www.sse.com.cn）的 《武汉达梦数据库股份有限公司 2024 年第三次临时股东大会会议资料》； 法律意见书 致：武汉达梦数据库股份有限公司 北京市金杜律师事务所（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 市公司股东大会规则（2022 年修订）》（以下简称《股东大会规则》）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地区）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 2024 年 9 月 24 日召开的公司 2024 年第三次临时股东大会（以下简称本次股东 大会），并就本次股东大会相关事项出具本法律意见书 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The company is positioned as a leading domestic database provider, expected to benefit from the opportunities presented by domestic innovation initiatives. The first half of 2024 showed steady growth in performance, with revenue reaching 352 million yuan, a year-on-year increase of 22.41%, and a net profit of 103 million yuan, up 40.68% year-on-year [5][8] - The database industry is experiencing rapid growth, with the domestic market share of the company consistently ranking among the top in China. The market for database management systems is projected to reach 55.87 billion yuan by 2026 [5][8] - The company has made significant advancements in technology and brand recognition, receiving multiple awards and recognitions in 2024, including being named a "National Manufacturing Single Champion Enterprise" [6][8] Financial Summary - For 2024, the company is projected to achieve revenues of 940 million yuan, with a year-on-year growth rate of 18.4%. The net profit is expected to reach 351 million yuan, reflecting a growth rate of 18.7% [7][11] - The company's gross margin is forecasted to remain high at around 95.8% for the coming years, indicating strong profitability [11] - Earnings per share (EPS) are projected to increase from 3.90 yuan in 2023 to 4.62 yuan in 2024, and further to 6.77 yuan by 2026 [11] Business Segmentation - The revenue from office software usage authorization is expected to contribute significantly, with projections of 859.03 million yuan in 2024, maintaining a gross margin of 99.68% [10] - The database integrated machine segment is anticipated to grow by 50% annually, reaching 7 million yuan in 2024 [10] - The maintenance service segment is also expected to grow, with revenues projected at 35.42 million yuan in 2024, reflecting a year-on-year growth of 35% [10]

证券代码：688692 证券简称：达梦数据 公告编号：2024-027 武汉达梦数据库股份有限公司 关于聘任公司 2024 年度会计师事务所的公告 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： 首席合伙人为谢泽敏先生。截至 2023 年 12 月 31 日，大信从业人员总数 4,001 人，其中合伙人 160 人，注册会计师 971 人。注册会计师中，超过 500 人签署过证 券服务业务审计报告。 3. 业务信息 1、拟聘任的会计师事务所名称：大信会计师事务所（特殊普通合伙）（以 下简称"大信"）。 2、原聘任的会计师事务所名称：中天运会计师事务所（特殊普通合伙）（以 下简称"中天运"）。 3、变更会计师事务所的简要原因及前任会计师的异议情况：公司前任会计 师事务所为中天运，已连续 7 年为公司提供审计服务（服务期间：2017 年至 2023 年），同时在执行完 2023 年度审计工作后，签字注册会计师已连续 5 年为公司 提供服务。为保证审计工作的独立性、客观性，根据财政部、国务院国资委及证 监会联合发 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a strong potential for growth compared to the market index [2]. Core Insights - The company achieved a revenue of 352 million yuan in the first half of 2024, representing a year-on-year growth of 22.41%. The net profit attributable to the parent company was 103 million yuan, up 40.68% year-on-year [2]. - In Q2 2024, the company reported a revenue of 186 million yuan, a year-on-year increase of 18.76%, with a net profit of 48 million yuan, growing 19.45% year-on-year [2]. - The gross margin improved to 97.16% in the first half of 2024, an increase of 1.41 percentage points year-on-year, while the overall expense ratio decreased by 2.93 percentage points to 74.71% [2]. - The company is focused on continuous product iteration and market expansion, particularly in the financial sector, enhancing its competitive edge and market influence [1]. Financial Summary - For 2024, the company is projected to achieve a revenue of 937 million yuan, with a year-on-year growth of 18.0%. The net profit is expected to reach 355 million yuan, reflecting a growth of 19.8% [3]. - The gross margin is forecasted to remain stable at 95.8% for 2024, with a slight increase to 95.9% in 2025 and 2026 [3]. - The earnings per share (EPS) is projected to be 4.67 yuan in 2024, increasing to 6.81 yuan by 2026 [3].

Group 1: Company Overview - The company is Wuhan Dameng Database Co., Ltd., with stock code 688692 [1] - The investor relations activity involved 11 institutions, including various funds and securities companies [2] Group 2: Product Stability and Technology Path - Product stability is linked to code quality; more complex technology paths increase the likelihood of low-quality code, affecting stability [3] - The company emphasizes independent research and development, fostering a cohesive and robust elite team to enhance product performance and stability [4] Group 3: Sales and Marketing Strategy - The company primarily adopts a channel sales model for software product licensing, considering product characteristics, management costs, and efficiency [3] - A nationwide channel sales system has been established to improve market penetration and reach untapped markets [4] Group 4: Talent Development and Expansion - The company prioritizes talent cultivation and recruitment, expanding personnel according to strategic planning and operational needs [4] Group 5: Technology Path Perspectives - Open-source technology offers quick initiation and low cost, while independent research and development, despite higher barriers, provides better market feedback and flexibility [5] - The independent R&D path is crucial for enhancing national technological strength and reducing reliance on foreign technologies [5] Group 6: Future of Distributed Databases - Distributed databases differ from centralized ones in architecture, data storage, scalability, and fault tolerance, with each having its advantages [6] - There is potential for integration between centralized and distributed databases in the future, leading to a unified product [6] Group 7: Information Disclosure Compliance - The company adheres to information disclosure regulations, ensuring the accuracy and completeness of disclosed information without any major undisclosed information leaks [6]

Investment Rating - The report assigns a "Buy-A" rating to the company, indicating a positive outlook for its stock performance in the coming months [2]. Core Insights - The company has benefited from the ongoing promotion of domestic innovation, leading to significant growth in revenue and performance in the first half of 2024. Revenue reached 352 million yuan, a year-on-year increase of 22.41%, while net profit attributable to shareholders was 103 million yuan, up 40.68% year-on-year [2][3]. - The company's gross margin for the first half of 2024 was 97.16%, an increase of 1.41% year-on-year, primarily due to a higher proportion of high-margin software product licensing revenue [2]. - The company is positioned as a leader in the domestic database sector, with expectations to benefit from the continued push for domestic innovation in government and industry sectors [2][3]. Financial Performance Summary - For the first half of 2024, the company achieved a net profit margin of 28.61%, an increase of 3.47% compared to the same period last year [2]. - The company’s revenue for 2024 is projected to be 953 million yuan, with a year-on-year growth of 20.0%, and net profit is expected to reach 359 million yuan, reflecting a growth of 21.1% [3][4]. - The report forecasts earnings per share (EPS) for 2024, 2025, and 2026 to be 4.72 yuan, 5.77 yuan, and 7.04 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 50.48, 41.28, and 33.84 [2][3]. Market Position and Competitive Landscape - The company has established a strong presence in various sectors, including government, energy, and finance, with over 220 financial clients and more than 2000 deployed financial business systems [2][3]. - The competitive landscape includes major players such as Oracle and Microsoft, as well as domestic competitors like Renmin University and General Data. The company must navigate these competitive pressures to maintain its market position [3].

2024 年第三次临时股东大会会议资料 武汉达梦数据库股份有限公司 2024 年第三次临时股东大会会议资料 股票简称：达梦数据 股票代码：688692 二〇二四年九月 2024 年第三次临时股东大会会议资料 $$\mathbb{H}\setminus{\overline{{\mathbb{X}}}}$$ | 2024 | 年第三次临时股东大会会议须知 | 2 | | --- | --- | --- | | 2024 | 年第三次临时股东大会会议议程 | 4 | | 议案一：关于公司 | 2024 年度中期分红方案的议案 | 6 | | 议案二：关于拟为公司及公司董监高购买责任险的议案 | | 7 | 1 2024 年第三次临时股东大会会议资料 2024 年第三次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大会的 顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》，中国证监会《上 市公司股东大会规则》以及《武汉达梦数据库股份有限公司章程》《武汉达梦数据库股 份有限公司股东大会议事规则》的相关规定，武汉达梦数据库股份有限公司（以下简称 "公司"）特制定 20 ...

Group 1: Company Outlook and Industry Position - The company views the drive for domestic production as crucial for maintaining national interests and responding to international competition, supported by national policies that have accelerated the development of domestic databases [1][2] - The company aims to empower digital transformation across various industries while maintaining existing client relationships and following emerging technology trends [2][3] Group 2: Technology Development and R&D - The company is focused on optimizing high-performance caching exchange technology, which is essential for shared storage cluster architecture, to enhance product performance [3] - As of June 30, 2024, the company has 460 R&D personnel, accounting for 30.16% of the total workforce, with plans to increase this number through talent acquisition and training [3][4] Group 3: Financial Performance - In the first half of 2024, the company's net cash flow from operating activities was 6.84 million yuan, a decrease of 80.16% year-on-year, primarily due to increased employee compensation and higher tax payments [4]

招商证券股份有限公司 2024 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》和《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 等有关法律、法规的规定，招商证券股份有限公司（以下简称"招商证券"或"保 荐机构"）作为武汉达梦数据库股份有限公司（以下简称"达梦数据"或"公司"） 持续督导工作的保荐机构，负责达梦数据上市后的持续督导工作，并出具 2024 年半年度持续督导跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具 | 保荐机构已建立健全并有效执 | | | | 行了持续督导制度，并制定了 | | | 体的持续督导工作制定相应的工作计划。 | 相应的工作计划。 | | 2 | 根据中国证监会相关规定，在持续督导工作开始 前，与上市公司或相关当事人签署持续督导协议， | 保荐机构已与达梦数据签订 《保荐协议》，该协议明确了双 | | | 明确双方在持续督导期间的权利义务，并报上海证 | 方在持续督导期间的权利和义 | | | 券交易所 ...

Investment Rating - The investment rating for the company is "Buy" with a target price indicating a relative return of over 20% within six months [4]. Core Viewpoints - The company's performance in the first half of 2024 exceeded expectations, with revenue of 352 million yuan, a year-on-year increase of 22.41%, and a net profit attributable to shareholders of 103 million yuan, up 40.68% [1]. - The company is focusing on strengthening its core business, with software product licensing revenue reaching 334 million yuan, a year-on-year increase of 27.24%, accounting for 94.78% of total revenue [1]. - The company is experiencing accelerated growth in the industry, particularly in finance and military sectors, which are expected to see double-digit growth [3]. - The company has established a strong ecosystem with over 500 original service personnel and more than 5000 certified engineers, enhancing its market presence [3]. - The company has adjusted its revenue and profit forecasts for 2024-2026, reflecting a positive outlook based on the strong half-year results and industry developments [3]. Financial Performance Summary - For the first half of 2024, the company reported a revenue of 352 million yuan and a net profit of 103 million yuan, both exceeding the upper limit of the prospectus [1]. - The company’s revenue for Q2 2024 was 186 million yuan, with a year-on-year growth of 18.76%, and a net profit of 47.53 million yuan, up 19.45% [1]. - The company’s revenue projections for 2024-2026 have been revised to 958.49 million yuan, 1.12 billion yuan, and 1.31 billion yuan, respectively, with net profits adjusted to 350 million yuan, 448 million yuan, and 556 million yuan [3][6]. - The company’s EBITDA for 2024 is projected at 359.85 million yuan, with a corresponding P/E ratio of 54.4x [6][8]. Business Segmentation - The company’s revenue from software product licensing is the largest segment, contributing 334 million yuan, followed by maintenance services at 14.95 million yuan, and database integrated machine sales at 2.33 million yuan [1]. - The revenue from database and industry solutions has significantly decreased, indicating a need for strategic focus on more profitable segments [1]. Research and Development - The company has increased its R&D expenses to 48.44 million yuan in Q2 2024, a year-on-year increase of 26.4%, focusing on distributed native multi-model databases and high-availability shared storage systems [2].