BRIEF-Changchun Faway Automobile's 2016 net profit up 0.5 pct

March 23 (Reuters) - Changchun Faway Automobile Components

Co Ltd

* Says 2016 net profit up 0.5 percent y/y at 427.3 million

yuan ($62.05 million)

Source text in Chinese: http://bit.ly/2ngepLu

Further company coverage:

($1 = 6.8865 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)