The Zhitong Finance App learned that Yuyuan Group (00551) opened more than 9% after profit. As of press release, it had risen 9.05% to HK$13.5, with a turnover of HK$5.197,500.

According to the news, Yuyuan Group announced that profit attributable to company owners for the three months ending March 31, 2024 is expected to increase by about 95% to 100% year-on-year. Profit for the same period last year was $50.8 million. It has mainly benefited from the gradual recovery of the global footwear industry and the normalization of orders, which have led to improvements in capacity utilization and production efficiency, as well as support from the low base period effect. In addition, the one-time income from the sale of part of an associated company's equity during the period was approximately USD 12.6 million.