BRIEF-Hunan Baili Engineering Sci & Tech Cuts Graphite Related Phase One Contract Size To 235 Mln Yuan

March 16 (Reuters) - Hunan Baili Engineering Sci & Tech :

* SAYS IT CUTS GRAPHITE RELATED PHASE ONE CONTRACT SIZE TO 235 MILLION YUAN ($33.55 million) FROM 420 MILLION YUAN

* SAYS IT SCRAPS PHASE TWO CONTRACT WORTH 875 MILLION YUAN Source text in Chinese: https://bit.ly/2xzVpyW Further company coverage: ($1 = 7.0038 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)