Jan 31(Reuters) - Shanghai Shibei Hi-Tech Co Ltd :
* Sees FY 2017 net profit to increase by 31 percent to 57 percent, or to be 200 million yuan to 240 million yuan
* Says FY 2016 net profit was 153.5 million yuan
* The reason for the forecast is contribution from real estate business Source text in Chinese: goo.gl/VYja3n Further company coverage: (Beijing Headline News)