Asia Pacific Equity Research 04 August 2026 002142.SZ, 002142 CH Price Target (Dec-26): Rmb38.80 China Banks & Financial Services Haomin Chen AC (86-21) 6106 6347 haomin.chen@jpmorgan.com SAC Registration Number: S1730524080002 J.P. Morgan Securities (China) Company Limited Key Changes (FYE Dec) Bank of Ningbo - A Overweight Model Update Price (04 Aug 26): Rmb31.50 We are updating our model to reflect the 1Q26 results and revise our FY26/27E/28E profit estimates by 0.3%/0.0%/0.2%, respectively. We revise ou ...