Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net income $ 18,301,541 $ 23,161,768 [1] $ 56,861,835 $ 71,364,099 [1]
Weighted average number of ordinary shares outstanding (Basic and diluted) (in shares) 79,055,053 79,055,053 [1] 79,055,053 79,055,053 [1]
Earnings per share from continuing operation (Basic and diluted) (in dollars per share) $ 0.08 $ 0.07 $ 0.22 $ 0.13
Earnings per share from discontinued operation (Basic and diluted) (in dollars per share) $ 0.15 $ 0.22 $ 0.50 $ 0.77
Earnings per ordinary share (Basic and diluted) (in dollars per share) $ 0.23 $ 0.29 [1] $ 0.72 $ 0.90 [1]
[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.