January 31, 2018 / 1:02 PM / 6 months ago

BRIEF-XiaMen HongXin Electron-tech sees FY 2017 net profit up 50 pct to 70 pct

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)

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