March 31 (Reuters) - Wanxiang Qianchao Co Ltd
* Says 2013 net profit up 14.96 percent at 530.62 million yuan ($85.42 million)
* Says to set up a sales unit with registered capital of 50 million yuan
Source text in Chinese: http://link.reuters.com/set97v
http://link.reuters.com/tet97v
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($1 = 6.2122 Chinese Yuan)
(Reporting by Hong Kong and Singapore newsrooms)