Core Viewpoint - Recently, Dameng Data (688692) has faced significant management challenges as two of its executives, including the general manager and a senior vice president, are under investigation by the Hubei provincial authorities for misconduct [1][3]. Company Overview - Dameng Data was established in 2000 and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 12, 2024. It is a leading developer of database products and a key player in the domestic database software industry [5]. - The company reported revenues of 688.04 million yuan, 794.29 million yuan, 1.044 billion yuan, and 258.13 million yuan for the years 2022, 2023, 2024, and the first quarter of 2025, respectively. The net profits attributable to shareholders were 268.99 million yuan, 296.08 million yuan, 361.87 million yuan, and 98.16 million yuan for the same periods [5][6]. Financial Performance - For the first quarter of 2025, the company experienced year-on-year growth in revenue, net profit, and net profit excluding non-recurring items of 55.61%, 76.39%, and 87.92%, respectively [6]. - The total assets of the company decreased by 3.26% from the previous year, while the equity attributable to shareholders increased by 3.03% [7]. Research and Development - The total R&D investment for the reporting period was approximately 54.74 million yuan, representing 21.21% of the operating revenue, a decrease of 5.02 percentage points from the previous year [7]. IPO and Fundraising - Dameng Data's IPO on the Sci-Tech Innovation Board included projects such as upgrades to cluster database management systems and the establishment of a new generation cloud database product, with a total fundraising amount of 1.576 billion yuan [8][9]. Shareholding Structure - As of December 31, 2024, the chairman, Feng Yucai, directly held 7.64% of the company's shares and controlled a total of 30.41% of the voting rights through various partnerships [9][10]. - China Software and Technology Service Co., Ltd. holds 14,370,000 shares, accounting for 18.91% of the total shares [10]. Management Background - The general manager, Pi Yu, has a history of working in various roles within the company since 2010 and received a pre-tax compensation of 3.3733 million yuan in 2024 [11][12]. - Senior vice president, Chen Wen, has been with the company since 2002 and received a pre-tax compensation of 3.0441 million yuan in 2024 [12]. Market Capitalization - As of the close on August 21, 2025, Dameng Data's total market capitalization was 26.82 billion yuan [12].
科创板上市刚一年，公司总经理、高级副总经理先后被立案调查，年薪均超300万！