Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v2.4.0.8
Consolidated Statement of Changes in Shareholders' Equity (USD $)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Statutory Reserves [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2012 [1] $ 400,298,986 $ 79,055 $ 141,381,098 $ 19,386,642 $ 217,224,220 $ 22,227,971
Balance (in shares) at Dec. 31, 2012 [1]   79,055,053        
Net income 38,560,294 0 0 0 38,560,294 0
Appropriation to statutory reserves 0 0 0 384,018 (384,018) 0
Foreign currency translation gain 5,754,677 0 0 0 0 5,754,677
Balance at Jun. 30, 2013 $ 444,613,957 $ 79,055 $ 141,381,098 $ 19,770,660 $ 255,400,496 $ 27,982,648
Balance (in shares) at Jun. 30, 2013   79,055,053        
[1] Represents the consolidation retrospectively restated as if Pingtan Marine Enterprise Ltd. (formerly known as China Growth Equity Investment Ltd.) completed its merger with China Dredging Group Co., Ltd. and the share purchase of Merchant Supreme Co., Ltd. on January 1, 2012 rather than on February 25, 2013.