BRIEF-Foshan Electrical and Lighting's 2016 net profit up, to cut stake in Guoxuan High-tech

(Refiles to add bullet point, link, rics)

March 29 (Reuters) - Foshan Electrical and Lighting Co Ltd

* Says 2016 net profit up 1,907.9 percent y/y at 1.1 billion

yuan ($159.66 million)

* Says it plans to sell its entire 4.98 percent stake in

Guoxuan High-tech Co Ltd

Source text in Chinese:;

Further company coverage:

($1 = 6.8897 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)