(Yicai Global) Feb. 6 -- Zoneco Group is blaming its extended loss forecast for 2019 on an underestimation of how many of its scallops died that year, according to a statement published in response to an inquiry from the Shenzhen Stock Exchange.

The Dalian-based firm, one of China's largest seafood suppliers, said on Jan. 22 that it expected it lost CNY290 million (USD41.6 million) last year, after projecting in November that it would suffer a CNY278 million deficit.

The Shenzhen bourse requested an explanation for the adjusted forecast on Jan. 23.