Bad management adds to woes of some A-share firms

A group of A-share listed Chinese companies have announced or are about to disclose significant losses for 2017, as they have experienced various problems related to bad management and ecological issues.

Founded in 1958, Dalian-based Zoneco Group Co Ltd, one of China's largest seafood suppliers, is expecting to report an annual loss between 530 million yuan ($84.20 million) and 720 million yuan, according to the company's notice released on Tuesday.

Zoneco went public in 2006, and the significant loss last year has brought its profits made in the past 12 years to zero. The company said it would suspend the trading of its stocks on Wednesday, and resume trading no later than Monday.