BRIEF-Hongfa Technology's 2016 net profit up 23.2 pct

March 29 (Reuters) - Hongfa Technology Co Ltd

* Says 2016 net profit up 23.2 percent y/y at 581.8 million

yuan ($84.47 million)

Source text in Chinese: http://bit.ly/2og23S3

Further company coverage:

($1 = 6.8875 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)