Core Viewpoint - Dameng Data (688692.SH) has recently received a notice from the Hubei Province Yingcheng Municipal Supervision Commission lifting the detention measures against its board member and general manager, Pi Yu, after he was previously under investigation since August 20 [1] Group 1: Company Developments - On August 20, Dameng Data announced that Pi Yu was under investigation and had been detained by the Hubei Province Yingcheng Municipal Supervision Commission [1] - Following this, on August 22, another executive, Chen Wen, was also announced to be under investigation, with no further updates provided on his case [1] - Pi Yu has held various positions within Dameng since March 2010, including sales manager and general manager, and has been serving as a board member and general manager since November 2020 [1] Group 2: Company Performance - Dameng Data is recognized as a leading developer of database products in China, providing a range of database software and related technical services to large and medium-sized enterprises, government agencies, and institutions [2] - In the third quarter of 2025, Dameng Data reported a revenue of 830 million yuan, representing a year-on-year increase of 31.9%, and a net profit attributable to shareholders of 329 million yuan, which is an increase of 89.11% year-on-year [2]

Core Viewpoint - The company has made proper arrangements regarding recent matters, and it is expected that these will not significantly impact its production and operations [1]. Company Overview - Wuhan Dameng Database Co., Ltd. was established in 2000 and is a leading developer of database products in China, playing a key role in the development of the domestic database software industry [7]. - The company provides various database software, cluster software, cloud computing, and big data services to well-known clients, including China Construction Bank, China Life Insurance, State Grid, and China Mobile [7]. Financial Performance - In 2024, the company achieved total operating revenue of 1.044 billion yuan, representing a year-on-year increase of 31.49% [7]. - The net profit attributable to shareholders was 362 million yuan, up 22.22% year-on-year, while the net profit after deducting non-recurring gains and losses was 341 million yuan, reflecting a growth of 24.14% [7]. - The net cash flow from operating activities was 473 million yuan, an increase of 36.95% compared to the previous year [7]. Leadership and Management - Pi Yu, born in August 1981, has been the General Manager of Dameng Data since November 2020, with a background in software engineering and extensive experience in sales and management [4][5]. - Under Pi Yu's leadership, the sales team has achieved significant success, securing over twenty major projects with individual project payments exceeding 80 million yuan [5]. Market Position - According to reports from CCID Consulting and IDC, the company has ranked among the top domestic database vendors in China from 2019 to 2023 [7]. - As of August 19, 2024, the company's stock price was 248.8 yuan, with a total market capitalization of 28.174 billion yuan [8].