On the evening of August 19, Dameng Data (688692.SH) announced that the company recently received a (Case Filing Notice) and (Detention Notice) issued by the Supervision Committee of Yingcheng City, Hubei Province, conducting an investigation against the company's director and general manager Pi Yu and implementing detention measures.
Currently, the company has made proper arrangements for the relevant work and expects that this matter will not have a significant impact on the company's production and operation. Other directors, supervisors, and senior management personnel are performing their duties normally, and the daily operations of the company and its subsidiaries are normal, with all businesses progressing steadily.
The 2024 annual report of Dameng Data shows that Pi Yu, male, born in August 1981, Chinese nationality, no permanent residence abroad, with a master's degree and a senior economist qualification. He graduated with a bachelor's degree in Computer Science and Application from Wuhan University of Technology in June 2003; he graduated with a master's degree in Software Engineering from Huazhong University of Science and Technology in December 2007.
His main work experience includes: from September 2005 to April 2008, he served as a software development engineer and project manager at Wuhan Tianyu Information Industry Co., Ltd.; from May 2008 to February 2010, he served as deputy general manager at Wuhan Huada Bofei Technology Co., Ltd.; from March 2010 to November 2020, he served in various positions including sales manager, deputy manager of the marketing department, manager of the marketing department, director of the regional marketing department, deputy general manager, and general manager at Dameng Limited; since November 2020, he has served as director and general manager at Dameng Data.
The annual report shows that Pi Yu received a pre-tax salary of 3.3733 million yuan from the company in 2024.
According to a statement issued by the Alumni Association of Huazhong University of Science and Technology on April 25 this year:
In 2010, facing career choices, Pi Yu resolutely gave up a high-paying R&D position offered by an internet company and chose to join Dameng Database Company founded by Professor Feng Yucai, starting from grassroots sales. Since 2012, due to his outstanding performance, Pi Yu began to be responsible for regional sales business.
Under Pi Yu's leadership, Dameng's sales team has repeatedly achieved excellent results, often ranking first in various regions in annual sales statistics. He has secured over twenty big data and data center projects, with individual project receivables exceeding 80 million yuan. Driven by Pi Yu, Dameng's sales channels have rapidly expanded, with over thousands of dealers signed by the end of 2024.
Image source: Alumni Association of Huazhong University of Science and Technology
The company's official website shows that Wuhan Dameng Database Co., Ltd. was established in 2000 and is a leading developer of database products in China and a key promoter of the development of the domestic database software industry. The company provides customers with various database software, cluster software, cloud computing, big data, and a series of database products and related technical services.
The company serves well-known users including China Construction Bank, China PICC, State Grid, China Aviation Technology, China Mobile, and China Tobacco, and has been successfully applied in dozens of fields such as government, finance, energy, aviation, and telecommunications. According to reports released by CCID Consulting and IDC, from 2019 to 2023, the company's product market share ranked among the top domestic database vendors in China's database management system market.
The company's 2024 annual report shows that in 2024, the company achieved total operating revenue of 1.044 billion yuan, a year-on-year increase of 31.49%; net profit attributable to the parent company was 362 million yuan, a year-on-year increase of 22.22%; net profit excluding non-recurring gains and losses was 341 million yuan, a year-on-year increase of 24.14%; the net cash flow from operating activities was 473 million yuan, a year-on-year increase of 36.95%.
On June 12, 2024, Dameng Data was listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange. As of the close on August 19, the company's stock price was 248.8 yuan, with a total market capitalization of 281.74 billion yuan.
This article does not constitute investment advice, and the risk of operating based on this is borne by the individual.