Core Viewpoint - Dameng Data (688692.SH), known as the "first domestic database stock," has reported stable growth in its business performance since its listing on June 12, 2024, with plans to expand into overseas markets [1][2]. Group 1: Financial Performance - For the first half of 2025, Dameng Data expects to achieve revenue between 495 million and 513 million yuan, representing a year-on-year growth of 40.63% to 45.74% [2]. - In 2024, the company reported a revenue of 1.044 billion yuan, marking a 31.49% increase year-on-year, with a net profit attributable to shareholders of 362 million yuan, up 22.22% [2]. - In Q1 2025, the company achieved a revenue of 258 million yuan, a year-on-year increase of 55.61%, and a net profit of approximately 98.16 million yuan, up 76.39% [2]. Group 2: Market Position - According to a report by CCID Consulting, Dameng Data holds the top market share in the domestic centralized database replacement market from 2019 to 2023 [3]. - The company ranks first among domestic vendors in the financial sector's centralized database market, covering banking, insurance, and securities [3]. - As of December 2024, Dameng Data serves 260 financial users, with nearly 2,000 financial business systems and over 300 core financial systems implemented [3]. Group 3: Strategic Initiatives - Dameng Data's distributed database DMDPC has been successfully implemented in the financial sector through the project with Jingu Trust, marking a significant advancement for domestic distributed databases [4]. - The company plans to focus on expanding into Southeast Asia, Central and Eastern Europe, and countries involved in the Belt and Road Initiative, with small-scale pilot projects already underway [4]. - Future plans include forming a specialized overseas market team to study regional policies and industry demands, optimizing products for international markets, including multi-language support and compliance with international security standards [4].