BRIEF-Inner Mongolia Yitai Coal's 2016 net profit surges, sets 2017 capex

March 23 (Reuters) - Inner Mongolia Yitai Coal Co Ltd

* Says 2016 net profit up 2,094.2 percent y/y

* Says board appoints Wang Sanmin as general manager,

replacing Zhang Jingquan who resigned due to change in job role

* Says capex of 7.26 billion yuan ($1.05 billion) in 2017

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($1 = 6.8865 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)