BRIEF-Changyuan's 2016 net profit up 32.5 pct, unit plans investment JV

March 13 (Reuters) - Changyuan Group Ltd

* Says 2016 net profit up 32.5 percent y/y at 640.1 million

yuan ($92.65 million)

* Says unit plans to invest 50 million yuan in investment JV

Source text in Chinese: http://bit.ly/2mCUMNb;

http://bit.ly/2miwgh9

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($1 = 6.9090 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)