达梦数据11月24日大宗交易平台出现一笔成交，成交量5.08万股，成交金额1001.93万元，大宗交易成交 价为197.23元，相对今日收盘价折价22.32%。该笔交易的买方营业部为招商证券股份有限公司武汉中北 路证券营业部，卖方营业部为招商证券股份有限公司北京车公庄西路证券营业部。 进一步统计，近3个月内该股累计发生21笔大宗交易，合计成交金额为8.52亿元。 证券时报·数据宝统计显示，达梦数据今日收盘价为253.89元，上涨2.98%，日换手率为1.21%，成交额 为2.22亿元，全天主力资金净流入983.54万元，近5日该股累计下跌0.07%，近5日资金合计净流出 4953.26万元。 据天眼查APP显示，武汉达梦数据库股份有限公司成立于2000年11月13日，注册资本11324万人民币。 （数据宝） 11月24日达梦数据大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | ...

Core Viewpoint - The company has announced the verification and public disclosure of the list of incentive recipients for its 2025 restricted stock incentive plan, ensuring compliance with relevant regulations and internal procedures [1][7]. Group 1: Public Disclosure and Verification Process - The company disclosed the draft of the 2025 restricted stock incentive plan and related documents on October 28, 2025, on the Shanghai Stock Exchange website [1][9]. - The public disclosure included the names and positions of the proposed incentive recipients, with a public notice period from October 31 to November 10, 2025, lasting no less than 10 days [1][9]. - Feedback from employees was collected during the public notice period, with one inquiry received and resolved, confirming no objections from other employees [1][9]. Group 2: Verification by Supervisory Board - The supervisory board verified the list of proposed incentive recipients, ensuring they met the criteria set forth in the management regulations and stock exchange rules [3][5]. - The proposed recipients do not fall under any disqualifying conditions as outlined in the management regulations, such as being deemed inappropriate candidates by regulatory bodies within the last 12 months [4][10]. - The recipients are identified as core personnel and others deemed necessary for motivation, excluding directors, supervisors, senior management, and significant shareholders [4][11]. Group 3: Verification by Compensation and Assessment Committee - The compensation and assessment committee conducted a similar verification process, confirming the legitimacy of the proposed recipients' qualifications [7][10]. - The committee also found that the proposed recipients met all necessary conditions and did not include any disqualified individuals as per the management regulations [10][12]. - The committee concluded that the proposed recipients' qualifications are valid and comply with all relevant laws and regulations [11][12].

Core Viewpoint - Dameng Data announced plans to establish an industrial fund in collaboration with the Greater Bay Area Fund and Zhongwan Private Equity to invest in projects related to the database industry chain, aiming to expand both horizontal and vertical development opportunities [1] Group 1 - The total subscribed capital for the fund at the time of establishment is 202 million yuan [1] - The company plans to subscribe 100 million yuan, accounting for 49.505% of the total subscribed capital at the time of the fund's establishment [1]

Core Viewpoint - The company, Dameng Data (688692.SH), plans to establish an industrial fund named "Zhongwan Dameng M&A (Hefei) Equity Investment Fund Partnership (Limited Partnership)" in collaboration with the Guangdong-Hong Kong-Macao Greater Bay Area Technology Innovation Industry Investment Fund (Limited Partnership) and Zhongwan Private Equity Fund Management Co., Ltd. [1] Group 1 - The investment focus will be on enterprises within the database industry chain, with a strategic emphasis on strengthening, supplementing, and expanding the chain related to Dameng Data [1] - The company will contribute a capital commitment of 100 million yuan, holding a 49.505% stake in the partnership [1]

Core Viewpoint - The company, Dameng Data (688692.SH), plans to establish an industrial fund named Zhongwan Dameng M&A (Hefei) Equity Investment Fund Partnership (Limited Partnership) in collaboration with the Greater Bay Area Fund and Zhongwan Private Equity to invest in projects related to the database industry chain, aiming to further expand both horizontal and vertical development opportunities [1] Group 1 - The total subscribed capital amount for the fund at the time of establishment is 202 million yuan, with the company intending to subscribe 100 million yuan, accounting for 49.505% of the total subscribed capital [1] - The partnership will conduct one or more follow-up fundraising rounds within 12 months from the first delivery date, according to applicable legal regulations [1] - The total subscribed capital amount of the fund after the follow-up fundraising will not exceed 1 billion yuan [1]

Core Viewpoint - The company, Dameng Data (688692.SH), plans to establish an industrial fund named Zhongwan Dameng M&A (Hefei) Equity Investment Fund Partnership (Limited Partnership) in collaboration with the Greater Bay Area Fund and Zhongwan Private Equity to invest in projects related to the database industry chain, aiming to further expand both horizontal and vertical development opportunities [1] Summary by Sections - **Investment Details** - The total subscribed capital amount for the fund at the time of establishment is 202 million yuan, with the company intending to subscribe 100 million yuan, accounting for 49.505% of the total subscribed capital [1] - Within 12 months from the first closing date, the partnership will conduct one or more follow-up fundraising rounds from existing limited partners or new investors [1] - The total subscribed capital amount for the fund after the follow-up fundraising will not exceed 1 billion yuan [1]

Core Viewpoint - The company, Dameng Data, has announced the establishment of a new investment fund focused on the database industry chain, with a total investment of 2.2 million yuan from various partners [1] Group 1: Investment Details - Dameng Data will invest 100 million yuan in the new fund [1] - The Guangdong-Hong Kong-Macao Greater Bay Area Technology Innovation Industry Investment Fund (Limited Partnership) will also contribute 100 million yuan [1] - Zhongwan Private Equity Fund Management Co., Ltd. will invest 2 million yuan [1] Group 2: Investment Focus - The investment direction of the fund will be on enterprises within the database industry chain [1] - The fund aims to strategically invest in areas that strengthen, supplement, and expand the chain related to Dameng Data [1]

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Insights - The company reported a revenue of 4.865 billion yuan for the first three quarters of 2025, representing a year-over-year increase of 12.15%. However, the net profit attributable to shareholders was only 4 million yuan, showing a significant decline compared to the previous year [6] - The subsidiary, Electric Science and Technology JinCang, experienced strong growth, with new contract amounts increasing by over 100% year-over-year and revenue growth of nearly 50% [6] - The company has effectively controlled expenses, resulting in a significant reduction in management costs by over 100 million yuan year-over-year [6] - The overall gross margin has faced pressure, decreasing to 26.74% from 28.95% year-over-year, while operating cash flow remains negative at -1.809 billion yuan [6] - The company is increasing its investment in research and development, with R&D expenses reaching 174 million yuan, a year-over-year increase of 67.3% [6] - The company has signed contracts worth nearly 3 billion yuan in the "信创" (Xinchuang) business, which supports the sales of its core products [6] - The revenue forecasts for 2025-2027 are 8.152 billion, 9.158 billion, and 10.646 billion yuan, respectively, with net profits projected at 235 million, 325 million, and 478 million yuan [6] Financial Data and Profit Forecast - Total revenue for 2025 is estimated at 8.152 billion yuan, with a year-over-year growth rate of 4.0% [5] - The net profit attributable to shareholders is projected to be 235 million yuan for 2025, reflecting a year-over-year increase of 22.9% [5] - The earnings per share (EPS) is expected to be 0.38 yuan for 2025, with a projected price-to-earnings (P/E) ratio of 68 [5] - The gross margin is forecasted to be 25.0% for 2025, with a return on equity (ROE) of 4.3% [5]

Core Points - The company, Wuhan Dameng Database Co., Ltd., has announced the convening of its fifth extraordinary general meeting of shareholders in 2025, scheduled for November 20, 2025 [1][5]. Group 1: Meeting Details - The extraordinary general meeting will be held on November 20, 2025, at 14:30 at the company's headquarters [5]. - The meeting will utilize a combination of on-site and online voting methods, with online voting available through the Shanghai Stock Exchange's system [5][2]. - The voting period for the online system will be from 9:15 to 15:00 on the day of the meeting [2]. Group 2: Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system or in person, with specific procedures outlined for different types of shareholders [3][7]. - The meeting will not involve public solicitation of shareholder voting rights [4]. - All proposals submitted for voting have been approved by the company's board and supervisory committee prior to the meeting [6]. Group 3: Attendance and Registration - Shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the close of trading on the day before the meeting are eligible to attend [10]. - Registration for attendance must be completed by November 19, 2025, either in person or via email [12][14]. - Specific documentation is required for both individual and institutional shareholders to register for the meeting [16]. Group 4: Contact Information - For inquiries regarding the meeting, shareholders can contact Ms. Bu Jinghong at the provided phone number or email address [18].

Core Viewpoint - Taiji Computer Co., Ltd. reported steady recovery in revenue for the first three quarters of 2025, with significant growth in its subsidiary, Electric Science and Technology JinCang [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 4.865 billion yuan, with a net profit attributable to shareholders of 4.0465 million yuan. This represents an increase of 1.083 billion yuan in revenue compared to the first half of 2025, although net profit decreased due to rising costs, expenses, and taxes [1]. - The current operating revenue is approaching the level of the same period in 2023, indicating a steady recovery since the first half of 2024 when the company reported its first loss [1]. Business Development - The company is advancing its "one body, two wings, three engines" strategy, with Electric Science and Technology JinCang showing outstanding performance. In the first three quarters of 2025, new contract amounts for JinCang grew over 100% year-on-year, and operating revenue increased by nearly 50% [2]. Data and AI Initiatives - Data and AI are identified as core transformation directions, with significant investments in data elements, AI models, and applications. The company has launched several products and secured contracts for AI projects with major state-owned enterprises [3]. - The company is actively involved in the development of a trusted data space, intelligent central systems, and low-code development platforms, contributing to various national projects [3]. Electric Science and Technology JinCang Performance - JinCang has achieved significant market expansion, winning contracts for database replacement projects across various sectors, including energy and healthcare. It ranks among the top three in sales of domestic transaction-oriented database management systems [3]. - The company is focusing on time-series data, developing a comprehensive solution that integrates multiple models to enhance efficiency and business value [3]. Trustworthy Innovation Business - The company has signed contracts nearing 3 billion yuan in the trustworthy innovation sector, establishing a product matrix that integrates various computing capabilities and supports clients in addressing compatibility, performance, security, and intelligence issues [3].