BRIEF-Changyuan Group's Q1 net profit down 57.1 pct y/y

April 20 (Reuters) - Changyuan Group Ltd

* Says Q1 net profit down 57.1 percent y/y at 44.0 million

yuan ($6.39 million)

Source text in Chinese: http://bit.ly/2oure1W

Further company coverage:

($1 = 6.8828 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)