BRIEF-Baofeng Modern International Holdings Says FY Sales RMB169.7 Mln

Jan 22 (Reuters) - Baofeng Modern International Holdings Company Ltd:

* SALES OF GROUP FOR YEAR AMOUNTED TO ABOUT RMB169.7 MILLION

* EXPECTED THAT GROSS PROFIT MARGIN OF GROUP DURING YEAR WILL BE REDUCED TO ABOUT 17.5% VERSUS 24% IN 2018

* EXPECTED THAT GROSS PROFIT MARGIN WOULD INCREASE IN COMING YEAR Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)