Quarterly report pursuant to sections 13 or 15(d)

CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details 1)

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CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details 1) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
General and administrative expenses $ 3,174,413 $ 2,549,009 [1] $ 4,582,228 $ 5,021,724 [1]
Net income 24,777,753 21,340,811 [1] 38,560,294 48,197,267 [1]
Parent [Member]
       
General and administrative expenses (704,137) 0 (714,178) 0
Other Expenses, Total (204,054) 0 (204,054) 0
Equity in income of subsidiaries 25,685,944 0 39,478,526 0
Net income $ 24,777,753 $ 0 $ 38,560,294 $ 0
[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.