Glonghui, April 25 | Yuyuan Group (0551.HK) announced that profit attributable to shareholders for the first quarter ending the end of March is expected to increase by about 95% to 1 times year-on-year; profit for the same period last year was US$508.44 million. According to the company, the expected increase in profits is mainly due to the gradual recovery of the global footwear industry and the normalization of orders, leading to improvements in capacity utilization and production efficiency, as well as support from the low base period effect. In addition, the sale of part of an equity interest in an associated company during the period generated a one-time income of about US$12.6 million, which also contributed positively to profit.