Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net cash (used in)/provided by operating activities $ 58,354,125 $ 49,479,366 [1]
Net cash (used in)/provided by investing activities (215,419,980) (43,230,542) [1]
Net cash provided byfinancing activities 766,331 39,457,690 [1]
Net (decrease)/increase in cash (156,299,524) 45,706,514 [1]
Effect of exchange rate 1,617,223 (1,275,105) [1]
Cash at the beginning of period 175,488,715 [1] 114,204,340 [1]
Cash at the end of period 20,806,414 158,635,749 [1]
Wonder Dredging [Member]
   
Net cash (used in)/provided by operating activities (6,703) (4,068)
Net cash (used in)/provided by investing activities (7,280,258) 0
Net cash provided byfinancing activities 7,286,614 6,468
Net (decrease)/increase in cash (347) 2,400
Effect of exchange rate 107 (8,923)
Cash at the beginning of period 7,232 957,786
Cash at the end of period 6,992 951,263
Fujian Service [Member]
   
Net cash (used in)/provided by operating activities 34,280,668 47,704,970
Net cash (used in)/provided by investing activities (182,671,235) 0
Net cash provided byfinancing activities 0 (94,617)
Net (decrease)/increase in cash (148,390,567) 47,610,353
Effect of exchange rate 946,503 (1,274,412)
Cash at the beginning of period 164,323,611 110,535,418
Cash at the end of period 16,879,547 156,871,359
Pingtan Fishing Group [Member]
   
Net cash (used in)/provided by operating activities 18,944,116 2,182,667
Net cash (used in)/provided by investing activities (221,709,655) (43,230,542)
Net cash provided byfinancing activities 195,850,824 39,456,684
Net (decrease)/increase in cash (6,914,715) (1,591,191)
Effect of exchange rate 659,347 10,673
Cash at the beginning of period 6,710,472 1,794,796
Cash at the end of period $ 455,104 $ 214,278
[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.