Jan 31(Reuters) - XiaMen HongXin Electron-tech Co Ltd
* Sees FY 2017 net profit to increase by 50 percent to 70 percent, or to be 68.1 million yuan to 77.1 million yuan
* Says FY 2016 net profit was 45.4 million yuan
* Says government subsidy is the main reason for the forecast
Source text in Chinese: goo.gl/rGK232
Further company coverage: (Beijing Headline News)