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].