BRIEF-Shanxi Taigang Stainless Steel to return to black in Q1 after posting 2016 profit

April 13 (Reuters) - Shanxi Taigang Stainless Steel Co Ltd

* Says preliminary 2016 net profit at 1.1 billion yuan

($159.77 million) versus net loss of 3.7 billion yuan year ago

* Says it expects Q1 to return to net profit of 300-340

million yuan versus net loss of 543.9 million yuan year ago

Source text in Chinese:;

Further company coverage:

($1 = 6.8848 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)