Aug 19 (Reuters) - Lifan Industry Group Co Ltd
* Says H1 net profit up 34.8 percent y/y at 238.3 million yuan(38.81 million US dollar)
* Says unit to invest $150 million to set up an auto plant in Russia
Source text in Chinese: http://bit.ly/1kRjBQv; http://bit.ly/1pXIFnX
Further company coverage: (1 US dollar = 6.1408 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)