BRIEF-Pingdingshan Tianan Coal Mining's Q1 net profit up, plans debt-for-equity swap fund

April 24 (Reuters) - Pingdingshan Tianan Coal Mining Co Ltd

* Says Q1 net profit up 7,962.8 percent y/y at 317.1 million

yuan ($46.06 million)

* Says 2016 net profit at 753.3 million yuan versus net loss

of 2.1 billion yuan year ago

* Says it plans to set up debt-for-equity swap fund worth

2.5 billion yuan with partners including China Industrial

International Trust

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($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)