J P M O R G A N Asia Pacific Equity Research 28 January 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Power Equipment Expert call takeaways on 15th FYP grid capex; Nari Tech and Sieyuan Electric our top picks in 1H26 The share prices of China po ...