Core Viewpoint - The recent investigation and protective measures against Chen Wen, the Senior Vice President of Dameng Data, indicate potential internal governance risks within the company, following the earlier investigation of the General Manager, Pi Yu [2][9]. Group 1: Investigation Details - Chen Wen has been placed under investigation and protective measures by the Hubei Provincial Supervisory Committee, following the earlier detention of General Manager Pi Yu [2][5]. - The reasons for Chen Wen's investigation remain unclear, but it is related to serious job-related violations or crimes [6][8]. - The company has stated that its daily operations are normal and business is progressing steadily despite the ongoing investigations [5]. Group 2: Company Background and Financial Performance - Dameng Data is a database product development service provider, primarily serving large and medium-sized enterprises, government agencies, and institutions with various database software and related services [8]. - In 2024, Dameng Data reported a revenue of 1.044 billion yuan, a year-on-year increase of 31.49%, and a net profit attributable to shareholders of 362 million yuan, up 22.22% [8]. - For the first quarter of 2025, the company achieved a revenue of 258 million yuan, representing a year-on-year growth of 55.61%, and a net profit of 98.16 million yuan, up 76.39% [8]. Group 3: Market Reaction - Following the announcement of the investigations, Dameng Data's stock price dropped by 8.44% on August 20 [10]. - As of August 21, the stock closed at 236.86 yuan per share, with a total market capitalization of 26.8 billion yuan [11].
688692，总经理刚被留置，副总又被立案调查！