Pingtan Marine Enterprise Ltd. company info

CIK 1517130
IRS Number 000000000
State of incorporation E9
Business address 18-19/F, ZHONGSHAN BUILDING A,
NO. 154 HUDONG ROAD
FUZHOU
F4
350001
Mail address 18-19/F, ZHONGSHAN BUILDING A,
NO. 154 HUDONG ROAD
FUZHOU
F4
350001

Short summary

Pingtan Marine Enterprise Ltd. is a China company, with head office located at 18-19/F, Zhongshan Building A, Fuzhou, China 350001. The company achieved a record breaking net income in 2012 - 108.77 million USD. In 2018 the company owned a total of 361.59 million USD worth of assets, including 57.74 million USD worth of current assets and 303.86 million USD worth of non-current assets. 2012 was the year when the company amassed the most assets.

Pingtan Marine Enterprise Ltd. Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Revenue, Net 53.67112.30233.4360.70
Cost of Goods and Services Sold 0.220.270.40
Gross Profit 11.0025.5946.9177.59-2.78-8.7922.0831.02
Operating Expenses 1.114.817.214.794.65-11.1715.16
Operating Income (Loss) 10.3724.7842.1070.38-7.57-13.4333.2515.85
Interest expense 0.842.884.174.823.631.972.401.21
Other Nonoperating Income (Expense) 0.00-0.00-0.00-0.00-0.000.10
Income Tax Expense (Benefit) 0000.00
Net income -0.13108.7797.4085.7618.35-13.7229.6613.40

Pingtan Marine Enterprise Ltd. Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 00.170.1320.2013.6326.212.6011.421.473.17
Accounts Receivable, Net, Current 9.1314.023.2412.6410.448.72
Inventories 7.3413.852.117.104.946.058.58
Property, Plant and Equipment, Gross 38.51110.61116.59138.66156.64185.64311.52
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 3.2012.4817.9524.7031.0840.10
Total assets 51.2250.58683.28210.91255.49229.47213.68206.73361.59
Current assets 65.7854.8475.5057.2938.0218.9257.74
Non-current assets 617.49341.85179.99172.17175.66187.82303.86
Accounts payable 0.841.220.942.4515.5256.64
Taxes Payable, Current 5.40
Total current liabilities 0.262.2871.3064.4958.9545.6461.8344.49103.98
Long-term Debt, Excluding Current Maturities 12.2044.3531.8931.9419.4914.06102.84
Long-term Debt 24.7871.0245.1847.1031.3219.95125.02
Total liabilities 2.406.85238.66108.8390.8477.5981.3158.54207.13
Common Stock, Value, Issued 0.000.000.080.080.080.080.080.080.08
Retained Earnings (Accumulated Deficit) 255.40235.3426.4823.4134.7342.5952.28
Accumulated Other Comprehensive Income (Loss), Net of Tax 27.9829.414.64-7.43-10.41-7.62-13.58

Pingtan Marine Enterprise Ltd. Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income -0.13108.7797.4085.7618.35-13.7229.6613.40
Depreciation 1.922.683.306.026.356.618.979.14
Amortization of Intangible Assets 0.72
Accounts receivable -1.6310.56-2.7942.13-37.01-0.560.77-6.37
Inventories 1.85-2.408.773.15-9.306.71-5.612.97
Accounts payable -0.07-0.042.08-1.762.200.003.011.04
Net Cash Provided by (Used in) Operating Activities -0.78-0.3033.9340.85-4.9568.4453.30
Payments to Acquire Property, Plant, and Equipment 7.0933.99256.830.8956.221.4749.8660.93
Net Cash Provided by (Used in) Investing Activities -50.26-0.02-35.86-66.19-13.08-43.56-55.71
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -30.08-77.35-335.64-35.86-66.19
Proceeds from Issuance of Long-term Debt 026.6255.813.7418.825.48
Proceeds from Issuance of Common Stock 00
Net Cash Provided by (Used in) Financing Activities 51.000.186.7223.887.87-22.601.44