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BRIEF-China auto parts maker Wanxiang Qianchao 2013 profit up 15 pct, to set up sales unit

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

Further company coverage:

($1 = 6.2122 Chinese Yuan)

(Reporting by Hong Kong and Singapore newsrooms)