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 333.40 million USD worth of assets, including 99.32 million USD worth of current assets and 234.08 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 11.0025.5947.6877.59-2.78-8.7922.0831.02
Operating Expenses 1.114.817.21-26.785.20-11.1715.16
Operating Income (Loss) 10.3722.1042.1070.3824.00-13.9933.2515.85
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) 000.00
Net income 100.70108.7799.0585.7618.35-13.7229.6613.40

Pingtan Marine Enterprise Ltd. Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 00.170.1320.2013.6326.212.6011.421.4776.89
Accounts Receivable, Net, Current -9.1314.023.2412.6410.447.25
Inventories 7.3413.852.117.104.946.0510.25
Property, Plant and Equipment, Gross 38.51110.61116.59138.66156.64185.64239.76
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 3.2012.4817.9524.7031.0838.81
Total assets 51.2250.58683.28210.91255.49229.47213.68206.73333.40
Current assets 65.7853.8375.5057.2938.0218.9299.32
Non-current assets 617.49157.08179.99172.17175.66187.82234.08
Accounts payable 0.841.220.942.4515.5220.90
Taxes Payable, Current 5.40
Total current liabilities 0.262.2871.3065.1058.9545.6461.8344.4988.35
Long-term Debt, Excluding Current Maturities 12.2044.3531.8931.9419.4914.0692.56
Long-term Debt 24.7871.0245.1847.1031.3219.95113.65
Total liabilities 2.406.85238.66108.8390.8477.5981.3158.54180.91
Common Stock, Value, Issued 0.000.000.080.080.080.080.080.080.08
Retained Earnings (Accumulated Deficit) 255.40-25.4226.4823.4134.7342.5947.71
Accumulated Other Comprehensive Income (Loss), Net of Tax 27.983.494.64-7.43-10.41-7.62-10.75

Pingtan Marine Enterprise Ltd. Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income 100.70108.7799.0585.7618.35-13.7229.6613.40
Depreciation 1.922.682.396.026.356.618.979.14
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 -0.07-0.042.08-1.76-0.152.283.011.04
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 7.0933.99257.700.8956.221.4749.8660.93
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 -30.08-77.35-336.51-35.86-66.19
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