This week, the Hang Seng Index had a cumulative decline of 2.98% to 16224.14 points; the Hang Seng Technology Index had a cumulative decline of 5.65% to 3278.06 points during the same period; the State-owned Enterprises Index had a cumulative decline of 2.26% to 5746.61 points during the same period.

$TCL ELECTRONICS (01070.HK)$The weekly gain of over 16% topped the weekly increase list. It is worth noting that the stock has achieved three consecutive weekly gains and has accumulated a rise of more than 80% during the month.

According to news, TCL Electronics recently announced results. In 2023, TCL Electronics achieved revenue of HK$78.99 billion, up 10.7% year on year; overall gross profit increased by 12.5% year on year to HK$14.76 billion, overall gross margin increased 0.3 percentage points year on year to 18.7% year on year, and net profit to mother reached HK$740 million, up 66.4% year on year. In 2023, all business segments of TCL Electronics achieved overall growth.

$CRRC (01766.HK)$After becoming happy, the stock price surged nearly 11% in one day, and climbed more than 13% during the week.

According to the news, the company made a profit after the market last Friday: it is expected to achieve net profit attributable to shareholders of listed companies of RMB 923 million to RMB 1,046 million in the first quarter of 2024, an increase of 50% to 70%; it is expected to achieve net profit attributable to shareholders of listed companies of RMB 583 million to 706 million yuan in the first quarter of 2024 after deducting non-recurring profit and loss, an increase of 186% to 246% over the previous year.

On the other hand, resource stocks rose collectively this week.$CGN POWER (01816.HK)$,$DONGFANG ELEC (01072.HK)$,$SH ELECTRIC (02727.HK)$Meanwhile, electricity and power equipment stocks had the highest gains. Furthermore,$MONGOL MINING (00975.HK)$,$SINOPEC SEG (02386.HK)$Other coal and oil stocks also performed well.

On the other hand, the weakest performing stocks this week are as follows:

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