OverviewSuggest Edit

Pingtan Marine Enterprise Ltd. is one of the largest U.S.-listed marine services operating company in China. We engage in ocean fishing through our wholly-owned subsidiaries, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd. Pingtan Fishing primarily engages in ocean fishing with many of our self-owned vessels operating within the Arafura Sea of Indonesia and the Indian Exclusive Economic Zone. We are a growing fishing company and provider of quality seafood in the PRC.

TypePublic
Founded1998
HQFuzhou Shi, CN
Websiteptmarine.com

Latest Updates

Employees (est.) (May 2021)2,060
Revenue (FY, 2019)$89.6 M(+40%)
Share Price (Jun 2021)$1(+3%)
Cybersecurity ratingAMore

Key People/Management at Pingtan Marine Enterprise Ltd.

Xinrong Zhuo

Xinrong Zhuo

Chairman and CEO
Lin Bao

Lin Bao

Director
Liming Yung

Liming Yung

Chief Financial Officer
Zengbiao Zhu

Zengbiao Zhu

Director
Xingan Lin

Xingan Lin

Director
Lin Lin

Lin Lin

Director
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Pingtan Marine Enterprise Ltd. Office Locations

Pingtan Marine Enterprise Ltd. has an office in Fuzhou Shi
Fuzhou Shi, CN (HQ)
154 Hudong Rd, Wu Si Lu Zhong Yang Shang Wu Qu, Gulou Qu
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Pingtan Marine Enterprise Ltd. Financials and Metrics

Pingtan Marine Enterprise Ltd. Revenue

Pingtan Marine Enterprise Ltd.'s revenue was reported to be $89.62 m in FY, 2019
USD

Revenue (Q2, 2020)

23.5m

Gross profit (Q2, 2020)

23.4m

Gross profit margin (Q2, 2020), %

99.8%

Net income (Q2, 2020)

(1.7m)

EBIT (Q2, 2020)

96.1k

Market capitalization (11-Jun-2021)

79.7m

Closing stock price (11-Jun-2021)

1.0

Cash (30-Jun-2020)

3.4m

EV

442.4m
Pingtan Marine Enterprise Ltd.'s current market capitalization is $79.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

122.7m233.4m60.7m20.5m63.2m64.3m89.6m

Revenue growth, %

(74%)(66%)

Cost of goods sold

75.0m155.8m63.5m29.3m41.1m395.3k429.1k

Gross profit

47.7m77.6m(2.8m)(8.8m)22.1m63.9m89.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

46.4m71.9m20.6m65.6m56.9m54.4m28.7m15.3m2.7m4.1m2.1m1.2m5.7m35.7m5.5m10.9m13.6m14.7m18.4m25.5m11.2m17.3m23.5m

Cost of goods sold

30.3m37.5m12.4m40.0m40.1m38.9m17.3m14.0m9.2m7.4m5.1m13.5m5.6m24.6m6.8m5.3m201.7k75.0k121.0k92.6k147.9k276.1k45.0k

Gross profit

16.1m34.5m8.2m25.6m16.8m15.5m11.5m1.2m(6.5m)(3.3m)(3.0m)(12.3m)63.3k11.1m(1.3m)5.6m13.4m14.6m18.3m25.4m11.0m17.0m23.4m

Gross profit Margin, %

35%48%40%39%29%28%40%8%(237%)(81%)(144%)(1053%)1%31%(24%)51%99%99%99%100%99%98%100%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

134.0k1.4k8.2m12.8m11.4m820.4k2.0m2.0m10.1m

Accounts Receivable

11.7k50.0m12.6m31.8m13.0m6.3m9.3m

Prepaid Expenses

100.8k60.0k4.3m32.9k1.8k110.5k1.4m

Inventories

9.1m12.1m2.3m3.6m30.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(311.6k)1.2m99.0m85.8m19.6m(14.7m)32.5m14.8m6.4m

Depreciation and Amortization

2.4m6.0m6.4m6.6m9.0m9.1m11.3m

Inventories

(8.8m)(3.2m)9.3m(6.7m)5.6m(3.0m)(24.9m)

Accounts Payable

2.1m(1.8m)(145.6k)1.4k3.0m1.0m(22.4m)
USDQ2, 2011

Financial Leverage

10.2 x
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Pingtan Marine Enterprise Ltd. Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Vessel Fleet

129129135135135135135135135140140140

Fish Catches Volume, kg

76.4 m10.54 m4.85 m932.53 k21.64 m1.74 m753.18 k459.69 k7.84 m2.22 m8.81 m1.54 m

Fish Average Selling Price per kg

$3.06$2.73$3.14$2.94$2.81$2.36$2.79$2.54$2.62$2.55$4.05$3.56
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Pingtan Marine Enterprise Ltd. Revenue Breakdown

Embed Graph

Pingtan Marine Enterprise Ltd. revenue breakdown by business segment: 50.5% from Ribbon Fish, 30.1% from Croaker Fish, 6.4% from Others and 13.0% from Other

Pingtan Marine Enterprise Ltd. Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Pingtan Marine Enterprise Ltd. Online and Social Media Presence

Embed Graph

Pingtan Marine Enterprise Ltd. News and Updates

Pingtan Marine Enterprise Ltd. Receives Nasdaq Notice of Additional Delinquency

FUZHOU, China, May 28, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan," or the "Company"), a fishing company based in the People's Republic of China, announced that it has received an additional delinquency notification letter from the Listing Qualifications...

Pingtan Marine Enterprise Ltd. Blogs

Pingtan Marine Enterprise Receives Notification From Nasdaq Related To Delayed Annual Report On Form 10-K

FUZHOU, China, April 19, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan" or the "Company"), a fishing company based in the People's Republic of China (PRC), today announced that it received a notice (the "Notice") from the Listing Qualifications Department of The Nasd…

Pingtan Marine Enterprise Ltd. Closes Registered Direct Offering

FUZHOU, China, March 9, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan," or the "Company"), a fishing company based in the People's Republic of China, announced that it has closed its previously announced registered direct offering of 3,625,954 ordinary shares at a pr…

Pingtan Marine Enterprise Ltd. Announces $4,750,000 Registered Direct Offering of Ordinary Shares and Warrants

FUZHOU, China, March 4, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan," or the "Company"), a fishing company based in the People's Republic of China, today announced that it has agreed to sell 3,625,954 ordinary shares at a price of $1.31 per share, and 2,719,464 fiv…

Pingtan Marine Enterprise to Enter Live Boardcast E-Commerce

FUZHOU, China, Feb. 4, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), a fishing company based in the People's Republic of China, today announced it has signed a Cooperation Agreement (the "Agreement") with Scienjoy Holding Corporation ("Scienjoy") (…

Pingtan Marine Enterprise To Establish Satellite Live Broadcasting Network For Pelagic Fishing

FUZHOU, China, Feb. 2, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), a fishing company based in the People's Republic of China, today announced it has signed a Strategic Cooperation Framework Agreement (the "Agreement") with World Telecom Satellite…

Pingtan Marine Enterprise Announces FY 2021 Guidance of at Least 100% Revenue Increase

FUZHOU, China, Jan. 14, 2021 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), a fishing company based in the People's republic of China, today announced a substantial year-on-year revenue guidance increase of over 100% for the fiscal year 2021. The Company…
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Pingtan Marine Enterprise Ltd. Frequently Asked Questions

  • When was Pingtan Marine Enterprise Ltd. founded?

    Pingtan Marine Enterprise Ltd. was founded in 1998.

  • Who are Pingtan Marine Enterprise Ltd. key executives?

    Pingtan Marine Enterprise Ltd.'s key executives are Xinrong Zhuo, Lin Bao and Liming Yung.

  • How many employees does Pingtan Marine Enterprise Ltd. have?

    Pingtan Marine Enterprise Ltd. has 2,060 employees.

  • What is Pingtan Marine Enterprise Ltd. revenue?

    Latest Pingtan Marine Enterprise Ltd. annual revenue is $89.6 m.

  • What is Pingtan Marine Enterprise Ltd. revenue per employee?

    Latest Pingtan Marine Enterprise Ltd. revenue per employee is $43.5 k.

  • Who are Pingtan Marine Enterprise Ltd. competitors?

    Competitors of Pingtan Marine Enterprise Ltd. include Blue Islands, Leroy Seafood Group and Grieg Seafood.

  • Where is Pingtan Marine Enterprise Ltd. headquarters?

    Pingtan Marine Enterprise Ltd. headquarters is located at 154 Hudong Rd, Wu Si Lu Zhong Yang Shang Wu Qu, Gulou Qu, Fuzhou Shi.

  • Where are Pingtan Marine Enterprise Ltd. offices?

    Pingtan Marine Enterprise Ltd. has an office in Fuzhou Shi.

  • How many offices does Pingtan Marine Enterprise Ltd. have?

    Pingtan Marine Enterprise Ltd. has 1 office.