Zhangzidao Blames Losses on Yesso Scallops; Shifts Attention to Other Seafood Products
According to Zhangzidao’s August performance report, the company’s revenue has dropped by 8.53% to 1.288 billion yuan (~ USD $180 million) within the first half of 2019 compared with the same period last year. And its net profit attributable to shareholders, excluding non-recurring items, has plummeted by 454% to -33.37 million yuan (USD -$4.7 million).
Such losses are primarily due to a great reduction in its yesso scallop harvest, according to the report. Scallop output is reported to have declined by...
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