BRIEF-Guangdong Vanward New Electric's Q1 net profit up after 2016 rise

April 19 (Reuters) - Guangdong Vanward New Electric Co Ltd

* Says 2016 net profit up 35.1 percent y/y at 431.2 million

yuan ($62.63 million)

* Says Q1 net profit up 18.2 percent y/y at 126.0 million

yuan

Source text in Chinese: http://bit.ly/2pB5pCz;

http://bit.ly/2pfVfaN

Further company coverage:

($1 = 6.8850 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)