On October 31, Guolonghui | htsc research reports pointed out that china construction bank corporation (601939.SH) performed better than our expectations in the third quarter (24Q1-3E net income/revenue were -1%~0%/-5%~-4%), mainly due to investment income growth exceeding expectations. The company's net interest margin decline narrowed in the first three quarters, with impressive investment income, stable mid-income growth, and sound asset quality. The company continues to advance in "new finance", initiating a second growth curve, with both A and H shares maintaining a "buy" rating.