BRIEF-XJ Electric's 2016 net profit up 20.6 pct

March 24 (Reuters) - XJ Electric Co Ltd

* Says 2016 net profit up 20.6 percent y/y at 868.9 million

yuan ($126.22 million)

Source text in Chinese: http://bit.ly/2nLccc3

Further company coverage:

($1 = 6.8840 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)