Core Viewpoint - Dameng Data (688692.SH) announced that its General Manager, Pi Yu, is under investigation by the Hubei Province Supervisory Committee, but the company expects no significant impact on its operations [1]. Company Overview - Dameng Data, founded in 2000, is a leading database product developer in China, providing various database software and related technical services [8]. - The company serves notable clients including China Construction Bank, State Grid, and China Mobile, and has a strong presence in multiple sectors such as finance and telecommunications [8]. - The company went public on the Shanghai Stock Exchange on June 12, 2024, becoming the first "domestic database stock" [8]. Financial Performance - In the last fiscal year, Dameng Data reported revenue of 1.044 billion yuan, a year-on-year increase of 31.49%, and a net profit of 362 million yuan, up 22.22% [8]. - For the first quarter of the current year, the company achieved revenue of 258 million yuan and a net profit of 98 million yuan, representing year-on-year growth of 55.51% and 76.39%, respectively [8]. Leadership Background - Pi Yu, born in 1981, has been with Dameng Data since 2010, progressing from sales roles to General Manager [4][6]. - Under Pi Yu's leadership, the sales team has achieved significant success, securing over 20 major projects with individual project payments exceeding 80 million yuan [6]. Stock Performance - As of August 19, 2023, Dameng Data's stock price was 248.8 yuan, with a market capitalization of approximately 28.17 billion yuan [9][10].

Core Viewpoint - The company, Dameng Data, is currently under investigation by the Hubei Province Supervisory Committee, which has led to the detention of its General Manager, Pi Yu. The company asserts that this situation is not expected to significantly impact its operations [1][3]. Company Overview - Dameng Data was established in 2000 and provides various database software, cluster software, cloud computing, and big data services [3]. - The company went public on the Shanghai Stock Exchange in June 2024, with an initial offering price of 86.96 yuan per share [3]. Management and Governance - Pi Yu, born in August 1981, has held various positions within the company since 2010 and has been the General Manager since November 2020. His annual pre-tax salary for 2024 is reported to be 3.3733 million yuan [3]. - Despite Pi Yu's detention, other board members and senior management are continuing their duties normally, and the company’s daily operations remain stable [3]. Financial Performance - In 2024, Dameng Data reported a revenue of 1.044 billion yuan, representing a year-on-year growth of 31.49%. The net profit attributable to shareholders was 362 million yuan, up 22.22% year-on-year [4]. - For the first quarter of 2025, the company experienced significant growth, with revenue and net profit increasing by 55.61% and 76.39% year-on-year, respectively [4]. Market Performance - As of August 19, the company's stock price closed at 248.8 yuan per share, reflecting a decline of 0.68%, with a total market capitalization of 28.17 billion yuan [4].