卧龙电驱：模型更新-能源基建上行空间开启，重启年度展望

J P M O R G A N Asia Pacific Equity Research 24 March 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. Wolong Electric - A Updating our model: Reset year with energy infrastructure upside We cut our FY26E/27E/28E earnings by 18%/6%/9% and remain Neutral ...