Haitong Securities research report pointed out that China Citic Bank Corporation (601998.SH) has stable operation performance, with net interest margin stabilizing and rising, and stable assets quality, maintaining a "better than the market" rating, with a corresponding fair value of 6.71 yuan. The bank calculated the net interest margin for the single quarter of 24Q2 as 1.72%, a 12bp increase from 1.60% in 24Q1. The calculated interest-bearing liability cost rate decreased by 15bp to 2.01% on a quarterly basis, and the control of liability cost has been effective. The company has accelerated the resolution and disposal of risk, strengthened the risk monitoring and management of key industries such as real estate, and the non-performing loan ratio for real estate loans decreased by 29bp to 2.30% compared to the end of 23. In addition, the loan growth rates in key areas such as technology innovation finance and inclusive finance are also higher than the overall loan growth rate.