BRIEF-Yunnan Baiyao Group's 2016 profit up, sets 2017 operating income target

April 21 (Reuters) - Yunnan Baiyao Group Co Ltd

* Says 2016 net profit up 5.4 percent y/y at 2.9 billion

yuan ($421.24 million)

* Says it sets 2017 operating income target at 24.3 billion

yuan, up 8.25 percent from 2016

* Says it plans to invest 978 million yuan in health

industry project

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

http://bit.ly/2osWu2o

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($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)