Pingtan Marine Enterprise Ltd. (PME) Financial Statements (2026 and earlier)

Company Profile

Business Address 18-19/F, ZHONGSHAN BUILDING A,
FUZHOU, 350001
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 09 - Fishing, hunting, and trapping (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 69210,0921,9672,00682011,449
Cash and cash equivalent 69210,0921,9672,00682011,449
Restricted cash and investments 9,913     
Receivables 33,84822,3657,00613,28643,15812,653
Inventory, net of allowances, customer advances and progress billings 67,61130,5285,8403,5608,8112,336
Inventory 67,61130,5285,8403,5608,8112,336
Prepaid expense 1711,35464511182
Advances on inventory purchases      31,901
Other undisclosed current assets 2,015  1,8218,04433,606
Total current assets: 114,24964,33915,45820,78360,84191,946
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 64438✕✕✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 250,155259,378199,571135,042122,19794,555
Long-term investments and receivables 29,69027,92328,87333,73531,52133,722
Long-term investments 29,69027,92328,87333,73531,52133,722
Prepaid expense 66,08349,040 11,57711,91411,655
Other undisclosed noncurrent assets 3,2183,0103,060   
Total noncurrent assets: 349,211339,790231,504180,355165,631139,931
TOTAL ASSETS: 463,460404,129246,962201,138226,472231,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 30,69518,29536,4399,0335,1365,921
Interest and dividends payable 4623406265927
Employee-related liabilities 11,44010,0035,7344,6674,1274,936
Accounts payable 18,7937,95230,6424,301917978
Debt 92,40267,53313,57220,57038,85334,651
Due to related parties 1816819,5554,349431,385
Other undisclosed current liabilities 10,2482,7923,5072,46420,888510
Total current liabilities: 133,36488,78873,07336,41664,92142,467
Noncurrent Liabilities
Long-term debt and lease obligation 245,116160,26322,32917,21721,83922,571
Long-term debt, excluding current maturities 245,116160,23022,32917,21721,83922,571
Operating lease, liability  32✕✕✕✕
Total noncurrent liabilities: 245,116160,26322,32917,21721,83922,571
Total liabilities: 378,480249,05195,40253,63386,76065,038
Equity
Equity, attributable to parent, including: 69,713135,716132,667129,357125,038150,471
Common stock 797979797979
Additional paid in capital 82,04681,68381,68381,683111,008111,008
Accumulated other comprehensive loss (9,569)(16,081)(13,448)(5,732)(12,879)(4,326)
Retained earnings (accumulated deficit) (18,595)54,28649,59340,34917,43834,318
Other undisclosed equity, attributable to parent 15,75215,74914,76012,9789,3929,392
Equity, attributable to noncontrolling interest 15,26619,36218,89218,14814,67416,369
Total equity: 84,980155,078151,559147,505139,712166,840
TOTAL LIABILITIES AND EQUITY: 463,460404,129246,962201,138226,472231,877

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 87,24089,62264,25663,21020,54160,700
Revenue, net✕✕✕✕ 55860,700
Cost of revenue (89,662)(64,397)(33,240)(41,127)(29,329)(63,477)
Cost of product and service sold (372)(429)(395)(270)(223)(63,477)
Gross profit: (2,421)25,22631,01722,083(8,788)(2,776)
Operating expenses (66,061)(12,057)(15,163)11,171(5,205)(4,792)
Operating income (loss): (68,483)13,16815,85333,254(13,993)(7,569)
Nonoperating income (expense) (9,136)(6,788)(1,040)(734)(683)27,127
Investment income, nonoperating 3,746694415071,932104
Gain (loss), foreign currency transaction, before tax 608(298)(158)1,196(1,543)(1,309)
Interest and debt expense (13,433)87(1,211)(2,403)(1,972)(3,630)
Income (loss) from continuing operations before equity method investments, income taxes: (91,051)6,46713,60230,117(16,649)15,928
Other undisclosed income (loss) from continuing operations before income taxes 13,433(87)1,2112,4031,9723,630
Income (loss) from continuing operations before income taxes: (77,619)6,38014,81332,520(14,676)19,558
Income tax expense     (1) 
Other undisclosed income from continuing operations 94,806     
Income (loss) from continuing operations: 17,1876,38014,81332,520(14,677)19,558
Income (loss) before gain (loss) on sale of properties:✕17,1876,38014,81332,520(14,677)19,558
Other undisclosed net loss (94,806)     
Net income (loss): (77,619)6,38014,81332,520(14,677)19,558
Net income (loss) attributable to noncontrolling interest 4,740(698)(1,415)(2,860)960(1,205)
Net income (loss) available to common stockholders, diluted: (72,878)5,68213,39729,660(13,718)18,353

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (77,619)6,38014,81332,520(14,677)19,558
Other undisclosed comprehensive income (loss) 7,157(2,861)(8,387)7,760(9,288)(8,628)
Comprehensive income (loss): (70,462)3,5196,42640,281(23,965)10,930
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 4,096(470)(744)(3,474)1,695(658)
Comprehensive income (loss), net of tax, attributable to parent: (66,366)3,0495,68136,807(22,270)10,272

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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