Core Insights - The company, Dengkang Dental, has announced its investment plan for 2026 and the "8462 Leap Action - 14th Five-Year Plan," which clarifies its growth direction for the future [1] Investment Plans - The company plans to invest approximately 113 million yuan in 2026, with around 63 million yuan allocated for fixed asset investments and 5 million yuan for equity investments [1] - The "14th Five-Year Plan" aims to double both revenue and total profit [1] Strategic Focus - The company is focusing on "smart transformation and digital upgrade" while investing in the oral health sector [1] - There is an expectation for online investments to recover, with a focus on achieving a strong start in the "14th Five-Year Plan" [1] Market Position - The company is a leading player in the sensitive toothpaste market and plans to continue upgrading its products to higher-end categories and diversify its product range [1] - The company is actively developing new retail channels and optimizing operations on platforms like Douyin, leveraging live-streaming e-commerce for product launches [1] - There is significant growth potential anticipated for the company moving forward [1] Rating - The company maintains an "overweight" rating [1]
研报掘金丨浙商证券:登康口腔后续增长潜力充足,维持“增持”评级