Zhangzidao Report Shows Loss in First Quarter 2019 Due to 2018 Scallop Disaster
Recently Zhangzidao made headlines again with its yesso scallops. According to the company’s report, it has suffered a loss between 40 million and 45 million yuan (~ $6 million to $6.7 million USD) during the first quarter of 2019. It is said the loss is a result of the marine ranch disaster last year, which took a toll on the qualities of its seafood, mainly yesso scallops. Seafood qualities and output dropped, but the company's cost rose to higher levels...
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