BRIEF-Shenzhen China Bicycle turns profitable in 2013 and Q1

April 28 Mon Apr 28, 2014 12:25am EDT

April 28 (Reuters) - Shenzhen China Bicycle Co Holdings Ltd

* Says 2013 net profit at 1.58 billion yuan ($252.65 million) versus net loss of 52.4 million yuan previous year, due to disposal of assets and liquidation of debts in the course of restructuring

* Says Q1 net profit at 354,354.8 yuan versus net loss of 26.65 million yuan previous year

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Further company coverage: ($1 = 6.2536 Chinese Yuan)

(Reporting by Hong Kong and Singapore newsrooms)