BRIEF-Hangcha Group's 2016 net profit up 12.6 pct y/y

April 20 (Reuters) - Hangcha Group Co Ltd

* Says 2016 net profit up 12.6 percent y/y at 402.6 million

yuan ($58.50 million)

Source text in Chinese: http://bit.ly/2o6KKXb

Further company coverage:

($1 = 6.8819 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)