BRIEF-Zhejiang Huahai Pharma's Q1 profit up after 2016 rise, to set up unit

April 24 (Reuters) - Zhejiang Huahai Pharmaceutical Co Ltd

* Says 2016 net profit up 13.2 percent y/y at 500.8 million

yuan ($72.74 million)

* Says Q1 net profit up 15.0 percent y/y at 140.1 million

yuan

* Says it plans to invest 800 million yuan to set up unit

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

http://bit.ly/2pXn5bE; http://bit.ly/2oDFntD

Further company coverage:

($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)