BRIEF-Yango Group's 2016 net profit down 13.3 pct, sees Q1 profit up

April 14 (Reuters) - Yango Group Co Ltd

* Says 2016 net profit down 13.3 percent y/y at 1.2 billion

yuan ($174.27 million)

* Says it expects Q1 net profit to rise to 186.5-223.8

million yuan from 124.3 million yuan year ago

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

http://bit.ly/2pAOVqr

Further company coverage:

($1 = 6.8860 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)