BRIEF-Jiangsu Yangnong Chemical's 2016 profit down, scraps plan for investment fund

April 10 (Reuters) - Jiangsu Yangnong Chemical Co Ltd

* Says 2016 net profit down 3.5 percent y/y at 439.3 million

yuan ($63.61 million)

* Says it scraps plan to set up investment fund

Source text in Chinese: http://bit.ly/2oi8x3g;

http://bit.ly/2nSVmno

Further company coverage:

($1 = 6.9066 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)