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One of China's leading independent relational database (RDBMS) vendors, positioned to replace Oracle/SQL Server in domestic systems.
One of China's leading independent relational database (RDBMS) vendors, positioned to replace Oracle/SQL Server in domestic systems.
Sells database licences, mostly to government and state-owned enterprises, with annual support and service fees added, so revenue lumps into the large procurement cycles that follow China's push to replace foreign software. The company grew out of a university research group.
In one line: China's Oracle Database.
Moat: narrow (switching costs, regulatory licence, IP / patents). Core database deployments are costly to migrate, and Dameng benefits from China's IT-indigenization mandates.
Headquarters: Wuhan, China · Founded: 2000 · Employees: 1,803
Size Wuhan Dameng Database (688692.SS) is a China Information Technology company (Packaged Software) with a market value of $1.75B, the 1418th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥189.00 on 6 Nov 2026.
Performance Over six months the shares fell 28.3%, against -22.4% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 27.7% over the last twelve months (peer median +18.6%); the operating margin is 28.2% (peer median 6.8%).
Valuation It trades at 33.4× forward earnings against a peer median of 36.0× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 29.0 points above its cost of capital (10.0% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.59B | CN¥1.29B | CN¥1.03B | CN¥794M | CN¥688M |
| Revenue growth | — | +25% | +30% | +15% | — |
| Gross profit | CN¥1.52B | CN¥1.22B | CN¥909M | CN¥745M | CN¥626M |
| EBITDA | n/a | CN¥464M | CN¥300M | CN¥244M | CN¥234M |
| Net income | CN¥531M | CN¥517M | CN¥362M | CN¥296M | CN¥269M |
| Free cash flow | CN¥477M | CN¥398M | CN¥341M | CN¥267M | CN¥167M |
| Capital expenditure | CN¥153M | CN¥137M | CN¥132M | CN¥78.8M | CN¥41.8M |
| Total debt | CN¥39.7M | CN¥40.8M | CN¥18.8M | CN¥28.9M | CN¥28.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wuhan Dameng Database 688692.SS | $1.75B | -28% | +28% | 28% | 33.4× | 12.7% |
| Oracle ORCL | $351B | -41% | +22% | 34% | 13.6× | n/a |
| Transwarp Technology Shanghai 688031.SS | $1.35B | -45% | +27% | -49% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 688692.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.6% | +4.0% | 7th highest of 21 |
| 6-month return | -28.3% | -22.4% | 8th lowest of 20 |
| Distance from 52-week high | -43.6% | -37.4% | 9th lowest of 21 |
| Revenue growth (TTM) | +27.7% | +18.6% | 4th highest of 21 |
| Operating margin | 28.2% | 6.8% | 5th highest of 21 |
| Forward P/E | 33.4× | 36.0× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 12.7% | 23.0% | 6th least demanding of 14 |
| Growth delivered (Del g) | +23.2% | +16.3% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -10.5 pp | +9.2 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | +29.0 pp | +1.4 pp | 2nd highest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wuhan Dameng Database 688692.SS | China | $1.75B | -28% | +28% | 28% | 33.4× | 12.7% | +23.2% |
| Beijing Haizhi Technology 2706.HK | Hong Kong | $1.75B | -31% | +23% | -9% | 208.5× | n/a | n/a |
| Sinosoft 603927.SS | China | $1.77B | -14% | -24% | 2% | 44.3× | 23.0% | +0.9% |
| Progress Software PRGS | United States | $1.78B | +46% | +6% | 19% | 6.7× | 1.8% | +17.2% |
| freee K.K 4478.T | Japan | $1.72B | +100% | +28% | 3% | 79.1× | n/a | n/a |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 59.1× | 26.9% | +38.7% |
| Shadowfax Technologies SHADOWFAX.NS | India | $1.79B | +70% | +69% | 10% | 60.0× | 47.0% | +43.7% |
| TRS Information Technology 300229.SZ | China | $1.71B | -27% | -23% | -76% | n/a | n/a | n/a |
| Adeia ADEA | United States | $1.71B | -47% | +22% | 44% | 11.8× | 2.7% | -13.0% |
| Hacksaw HACK.ST | Sweden | $1.71B | -22% | +21% | 82% | 8.1× | -10.2% | +85.9% |
| Hangzhou Shunwang Technology 300113.SZ | China | $1.70B | -32% | -36% | 26% | 27.1× | 26.2% | +11.0% |
| Lyntris LYNX | United States | $1.69B | n/a | +16% | 9% | n/a | n/a | n/a |
| Kfin Technologies KFINTECH.NS | India | $1.67B | -1% | +27% | 32% | 40.6× | n/a | n/a |
| Sansan 4443.T | Japan | $1.67B | +65% | +22% | 18% | 27.4× | 20.3% | +27.1% |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 31.4× | 40.7% | +11.5% |
| C3.ai AI | United States | $1.84B | +18% | -38% | -198% | n/a | n/a | n/a |
| Wealthfront WLTH | United States | $1.66B | -7% | +18% | -41% | 26.7× | -4.2% | n/a |
| SoundHound AI SOUN | United States | $1.85B | -54% | +55% | -96% | n/a | n/a | n/a |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 158.4× | 46.1% | +26.7% |
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 11.0× | -18.5% | +15.4% |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 49.1× | 41.3% | +6.2% |