BRIEF-Hangzhou First PV Material's 2016 net profit up 31.0 pct y/y

March 20 (Reuters) - Hangzhou First PV Material Co Ltd

* Says 2016 net profit up 31.0 percent y/y at 847.7 million

yuan ($122.77 million)

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

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($1 = 6.9050 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)