Guosen's Research Reports indicate that China Construction Bank Corporation (601939.SH) achieved revenue of 760.151 billion yuan in 2024 (YoY,-2.54%) and a Net income of 335.577 billion yuan (YoY,+0.88%). Considering the company's revenue fell by 3.30% year-on-year in the first three quarters, while profits grew by 0.13%, the revenue growth rate in the fourth quarter has rebounded. The pace of scale expansion has slowed, primarily driven by the business and bills. The company's total Assets are expected to grow by 5.86% year-on-year to 40.57 trillion yuan in 2024. Among them, deposits and loans are expected to increase by 3.73% and 8.33% year-on-year, respectively. In 2024, affected by factors such as narrowing net interest margin and insufficient effective Crediting demand, net interest income is expected to decrease by 4.43% year-on-year, with a decline of 5.89% in the first three quarters, while the growth rate of net interest income in the fourth quarter is marginally rebounding. The non-performing rate is stable and slightly declining, and asset quality remains robust. The company's fundamentals are stable, and the initial coverage gives an "outperforming the market" rating.