Core Viewpoint - The article highlights the remarkable journey of Feng Yucai, CEO of Dameng Data, who at the age of 80, led the company to a successful IPO, emphasizing the importance of domestic database technology in China and the significance of mastering core technologies for national sovereignty [5][33]. Group 1: Company Overview - Dameng Data was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 12, 2024, with an opening surge of 256.49%, closing at 240.80 CNY per share, giving it a market capitalization of approximately 27 billion CNY [7][8]. - The company reported a revenue of 1.044 billion CNY for 2024, a year-on-year increase of 31.49%, with a net profit of 362 million CNY, reflecting a growth of 22.22% [8][33]. Group 2: Industry Context - The database industry is crucial in the digital age, serving as a foundational infrastructure for various sectors, including finance and telecommunications [7]. - Historically, the database market was dominated by international giants like Oracle, but Dameng Data has made significant strides in domestic high-end database solutions, challenging the perception that local products are inferior [8][24]. Group 3: Leadership and Vision - Feng Yucai's journey from a university professor to a successful entrepreneur illustrates the challenges and perseverance required in the tech industry, particularly in mastering core technologies [12][33]. - The philosophy of maintaining "technology sovereignty" drives Dameng Data's commitment to developing proprietary database solutions rather than relying on open-source alternatives [33]. Group 4: Milestones and Achievements - Dameng Data's first major product, the Chinese Character Relational Database System (CRDS), was recognized as China's first independently developed database management system, marking a significant milestone in the company's history [16][18]. - The company has consistently ranked first in the national "863 Program" database evaluations for six consecutive years, securing vital funding for its operations [24]. Group 5: Future Aspirations - Feng Yucai envisions Dameng Data as a world-class database provider in the next five years, emphasizing the importance of long-term commitment and innovation in the industry [33]. - The company aims to continue its growth trajectory by focusing on high-end market segments and maintaining its independence from foreign technologies [33].

Core Viewpoint - The recent listing of Dameng Data on the STAR Market marks a significant milestone for the company and the domestic database industry, highlighting the importance of mastering core database technology for national sovereignty and independence in technology [4][7][34]. Group 1: Company Overview - Dameng Data, led by CEO Feng Yucai, achieved a remarkable debut on June 12, 2024, with a first-day increase of 256.49%, closing at 240.80 CNY per share, giving it a market capitalization of approximately 27 billion CNY [5][7]. - The company reported a revenue of 1.044 billion CNY for 2024, a year-on-year increase of 31.49%, and a net profit of 362 million CNY, up 22.22% from the previous year, with a software product authorization revenue of 894 million CNY and a gross margin of 99.69% [7][8]. Group 2: Industry Context - The database sector is recognized as a critical infrastructure in the digital age, with applications spanning various industries, including finance and telecommunications [7]. - Historically, the database market in China has been dominated by international giants like Oracle, but Dameng Data aims to change this narrative by promoting domestic alternatives and achieving technological independence [7][33]. Group 3: Historical Development - Feng Yucai's journey began in academia, transitioning to entrepreneurship at nearly 60 years old, with a focus on developing a proprietary database management system after recognizing the importance of databases in the global tech landscape [8][18]. - The company faced significant challenges in its early years, including competition from foreign firms and reliance on government funding, but it consistently ranked first in national database evaluations, securing crucial funding for its operations [23][24]. Group 4: Technological Achievements - Dameng Data's development of the CRDS (Chinese Relational Database System) in 1988 marked a pivotal moment, establishing it as the first domestically developed database management system in China [15][16]. - The company successfully transitioned from research to commercialization, becoming a key player in the domestic database market and achieving significant milestones, including partnerships with major state-owned enterprises like the State Grid [32][33]. Group 5: Future Aspirations - Feng Yucai emphasizes the long-term vision for Dameng Data, aiming to establish it as a world-class database provider, despite the challenges of competing against established international players [34].