海通国际：滔搏加快对细分景气赛道的布局

Group 1 - The core viewpoint of the article highlights that the company is solidifying its main brand operations and accelerating its layout in niche markets with growth potential [1] - The company is advancing comprehensive retail strategies, optimizing operational efficiency, and consistently providing substantial cash flow and high, stable dividend rates to shareholders [1] Group 2 - The projected net profit attributable to the parent company for FY2025, FY2026, and FY2027 is estimated to be 1.325 billion, 1.800 billion, and 2.152 billion respectively [2] - A price-to-earnings ratio of 12 times is assigned for FY2026, with an initial coverage rating of "outperform the market" [2]