BRIEF-CPT Technology's profit jumps in 2016, to invest in technology innovation research

March 20 (Reuters) - CPT Technology Group Co Ltd

* Says 2016 net profit up 160.4 percent y/y at 395.7 million

yuan ($57.31 million)

* Says it plans to invest up to 446.3 million yuan in

technology innovation research in next three years

* Says it sets aside provision of 120.4 million yuan of

asset impairment in 2016

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($1 = 6.9050 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)