Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue $ 71,909,988 $ 69,925,881 [1] $ 118,318,535 $ 144,981,615 [1]
Cost of revenue (37,453,696) (36,743,216) [1] (67,768,326) (74,474,445) [1]
Net (loss)/income attributable to the Company 24,777,753 21,340,811 [1] 38,560,294 48,197,267 [1]
Wonder Dredging [Member]
       
Revenue 0 0 0 0
Cost of revenue 0 0 0 0
Net (loss)/income attributable to the Company (6,674) (5,267) (6,703) (4,058)
Fujian Service [Member]
       
Revenue 38,855,181 59,594,550 59,549,223 119,094,081
Cost of revenue (17,249,269) (27,573,111) (28,628,115) (55,595,229)
Net (loss)/income attributable to the Company 15,137,209 22,535,808 21,759,932 44,485,545
Pingtan Fishing Group [Member]
       
Revenue 21,362,357 10,331,331 41,031,833 25,887,534
Cost of revenue (12,235,475) (9,170,105) (26,527,609) (18,879,216)
Net (loss)/income attributable to the Company $ 7,727,927 $ (383,106) $ 12,234,219 $ 4,804,532
[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.