Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

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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 [2] $ 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 56,861,835 0 0 0 56,861,835 0
Appropriation to statutory reserves 0 0 0 490,672 (490,672) 0
Foreign currency translation gain 6,551,401 0 0 0 0 6,551,401
Acquisition of fishing vessels from relatedparty (388,330,794) 0 (114,735,411) 0 (273,595,383) 0
Balance at Sep. 30, 2013 $ 75,381,428 $ 79,055 $ 26,645,687 $ 19,877,314 $ 0 $ 28,779,372
Balance (in shares) at Sep. 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.
[2] Represents the consolidation retrospectively restated as if Pingtan Marine Enterprise Ltd. (formerly known as China Growth Equity Investment Limited) 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. Assets and liabilities of discontinued operations are retrospectively restated as of December 31, 2012 after taking into account of the Group’s plan to sell China Dredging Group Co., Ltd. and its subsidiaries to the Company’s Chairman, CEO and major shareholder, Mr Xinrong Zhuo.