Guosen's research report pointed out that the Industrial and Commercial Bank of China (601398.SH) achieved a net income attributable to shareholders of 269 billion yuan in the first three quarters, a year-on-year increase of 0.1%, turning positive from negative. The weighted average return on net assets for the first three quarters was 9.8%, a year-on-year decrease of 0.8 percentage points. In terms of performance attribution, net interest margin continues to drag down net income growth. The non-performing loan ratio at the end of the third quarter was 1.35%, remaining stable compared to the beginning of the year and the end of the second quarter. The provision coverage ratio at the end of the third quarter was 220%, an increase of 6 percentage points compared to the beginning of the year, and a 2 percentage points increase from the end of the second quarter on a quarter-on-quarter basis. Overall, the asset quality indicators are relatively stable. The company's fundamentals are relatively stable, maintaining unchanged profit forecasts and an "outperform market" rating.