April 14, 2017 / 9:03 AM / 3 months ago

BRIEF-Beiqi Foton Motor's 2016 profit up 39.6 pct, sets targets for 2017

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April 14 (Reuters) - Beiqi Foton Motor Co Ltd

* Says 2016 net profit up 39.5 percent y/y to 566.8 million yuan ($82.31 million)

* Says it sets 2017 operating income target at 46 billion yuan, car sales at 580,000 units

Source text in Chinese: bit.ly/2pAz4rK; bit.ly/2pgaqNL

Further company coverage: ($1 = 6.8860 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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