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BRIEF-Auto parts maker Wanxiang Qianchao's 2016 net profit up 7.1 pct

Feb 27 (Reuters) - Wanxiang Qianchao Co Ltd

* Says 2016 net profit up 7.1 percent y/y at 833.8 million yuan ($121.31 million)

Source text in Chinese: http://bit.ly/2lLgb6h

Further company coverage: ($1 = 6.8733 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)