After 40 years of hard work, the leading domestic database leader Chimeng Dameng Data independently innovated in the field of core cardinal software databases and continued to develop for about 40 years, and has grown into a leading domestic database enterprise. The company's range of database products and related technical services, such as various database software, cluster software, cloud computing and big data products, is aimed at large and medium-sized companies, enterprises, institutions, and party and government organs, and is committed to providing the world's top full-stack data products and solutions. Founder Feng Yucai successfully developed CRDS, the prototype of China's first independent copyrighted domestic database management system, in 1988. In fact, controlling Dameng Data, management and core cadres are highly motivated through shareholding platforms. China Software, an important shareholder, relies on China Electronics Group to form good collaboration in the field of innovation. The Dameng database management system is the core of the company's business. The company is deeply involved in the party and government, seizes growth opportunities in the financial, energy and other industries, continues to incubate new industries and fields, supports the continuous steady growth of the company's revenue and profit, and the high gross margin of standard software products supports the company's good profitability.

Digital intelligence supports high growth, and technology supports the rise of domestic production

According to the China Communications Standardization Association's “Database Development Research Report (2023)”, China's database market size is 40.36 billion yuan in 2022, and is expected to reach 128.68 billion yuan in 2027, with a CAGR of 26.1%. Along with the rapid growth in data scale, the domestic database market space is large and continues to grow rapidly. In terms of structure, relational databases are currently the most widely used and mature type of database. According to IDC's forecast, China's relational database is about 3.8 billion US dollars in 2023, of which the traditional deployment model is about 1.39 billion US dollars, and the overall market size is about 9.8 billion US dollars by 2028. The overall market CAGR is 20.9%, and the traditional deployment model CAGR is 13.4%. Domestic database vendors are gradually rising, and breakthroughs have been made in core technology. Xinchuang is expected to usher in a new cycle of resonance between the party, government and industry, and the market share of domestic manufacturers is expected to further increase.

The comprehensive advantages of domestic production are outstanding, and industry beta and company α resonate

The Dameng database management system has independent intellectual property rights. The core source code is 100% independently developed, and the technology development route can be controlled from the “code root” dimension. It is a leader in the field of domestic database security. The product has high product safety, has reached level 4 and EAL4+ through certification and audit by the Ministry of Public Security and the National Network and Information System Security Product Quality Supervision and Inspection Center. It has the highest security level of current domestic databases, and the first batch has passed safety and reliability assessments. The company has completed breakthroughs with zero localization of core technologies such as shared storage clusters and integrated storage technology in the database field, broken the technological monopoly of foreign database vendors, and has good replacement capabilities. In the current database market, foreign database vendors have a much higher market share than other brands. In the development process, Dameng Database always adheres to the technical standards of benchmarking mainstream international databases, and has basically achieved deep matching and compatibility with mainstream international databases in terms of performance and function. Customers can complete the lossless data migration from mainstream international databases to Dameng databases with extremely low learning costs and adaptation costs.

Actively embrace industry trends and balance long-term growth with a layout

The company actively embraces new technology trends and lays out short-term and long-term growth in three directions: 1) the company's main payment market is DM8 and cluster products, which have the advantage of breaking through Oracle RAC benchmarking technology; 2) new market segments, such as Company Dream Map, New Cloud, Qiyun, DPC (distributed), PAI (all-in-one computer), etc.; 3) upstream and downstream supporting markets, data synchronization, integration, operation, maintenance and migration products, etc.

Risk warning

1. Policy support falls short of anticipated risk;

2. Industry market competition intensifies risks;

3. Risk that profit forecasting assumptions are untrue or fall short of expectations.