Pingtan marine enterprise ltd. (PME)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS:
Cash

-

-

20,420

3,173

76,893

1,966

9,520

1,467

-

2,005

-

-

-

-

-

-

-

-

-

-

-

-

11,797

13,628

26,039

-

10,832

20,806

206,108

6,860

131

12

85

134

565

971

-

Cash and cash equivalents

32,763

10,092

-

-

-

-

-

-

3,818

-

22,251

11,415

571

820

567

2,604

2,583

11,448

21,092

26,210

67,379

12,752

-

-

-

8,156

-

-

-

-

-

-

-

-

-

-

167

Restricted cash

6,218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

0

0

779

1,821

2,320

3,262

3,362

2,911

4,039

3,046

2,208

1,577

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts

10,234

9,273

2,066

8,716

7,245

6,307

5,876

10,442

13,141

13,012

5,535

12,639

11,215

11,322

3,140

3,238

8,921

12,575

10,221

14,021

30,197

49,999

-41,566

-

-

9,133

-

-

-

-

-

-

-

-

-

-

-

Due from related parties

58,470

12,477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due from related parties

-

-

40,038

28,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable (banker's acceptances) transferred from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,645

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,273

16,601

-

10,252

18,603

6,594

11,478

-

-

-

-

-

-

-

Total inventories

50,761

30,527

21,253

8,576

10,246

5,840

8,758

6,051

5,451

3,560

3,000

4,935

16,829

8,811

2,287

7,098

3,789

2,336

5,442

2,111

4,883

12,123

6,033

13,847

11,790

9,095

5,427

7,344

4,647

194

-

-

-

-

-

-

-

Prepaid expense - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred expense - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances to suppliers

-

-

-

-

-

-

-

-

-

-

939

2,458

2,508

3,969

34,735

34,871

36,059

35,994

-

-

-

0

258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments held in trust at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,258

-

50,253

50,250

0

Advances to Affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

265

-

-

-

-

Prepaid expenses

962

1,354

948

4,641

452

644

2,928

844

0

110

0

0

0

8

6

0

0

1

38,647

4,613

19

32

288

-

-

4,309

4,932

24

1,444

386

96

73

129

100

90

0

1

Prepaid expenses - related parties

-

-

-

-

-

-

-

-

-

-

776

1,126

1,126

522

1,128

2,777

2,783

4,640

14,522

14,779

17,539

7,319

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred expenses - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

124

559

1,029

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Receivable from transferring equity method investment shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,406

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and deposits - third parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,258

719

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and deposits - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

832

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

46

613

566

4,340

4,483

698

676

110

408

273

270

2,180

2,142

31,835

171

77

78

78

79

3

3

22,656

168

2

1

11

11

-

-

29

-

-

-

-

-

-

-

Other receivables - related parties

-

-

-

-

-

-

-

-

-

-

0

0

705

639

2,429

3,578

6,412

7,887

8,163

13,631

13,586

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments held in trust at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,267

50,263

-

50,255

-

-

-

Advances to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

60,318

49,802

0

230

-

382

-

-

-

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250,209

-

-

361,460

-

-

-

-

-

-

-

Total Current Assets

159,458

64,338

85,293

57,735

99,321

15,457

27,760

18,916

23,599

20,783

35,094

38,018

38,461

60,841

48,506

57,293

62,838

91,945

98,214

75,497

134,169

105,913

65,456

54,842

55,152

30,706

281,665

65,781

297,513

433,859

-

-

-

-

-

-

-

OTHER ASSETS:
Cost method investment

2,963

3,010

2,969

3,054

3,118

3,059

3,052

3,173

3,339

3,213

3,164

3,099

3,043

3,027

3,148

3,161

3,256

3,235

3,305

3,448

3,437

3,421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investment

27,370

27,923

27,663

28,589

29,317

28,872

28,875

30,082

31,704

30,521

30,054

29,451

28,932

28,493

29,644

29,767

30,678

30,486

54,733

57,150

56,960

15,964

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost and estimated earnings in excess of billings on contracts in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,341

9,531

-

-

-

-

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,184

1,181

-

3,283

10,661

8,868

-

-

-

-

-

-

-

-

Prepaid other deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

-

-

-

-

-

-

-

-

Prepaid dredger deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,625

23,346

-

-

-

-

-

-

-

-

Prepaid fishing vessel deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

410,017

-

-

-

-

-

-

-

-

-

Security deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,607

21,204

-

-

-

-

-

-

-

-

Long-term investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,338

3,385

3,378

3,468

3,431

3,421

3,381

3,328

-

-

-

-

-

-

-

Balance at Beginning

32,816

49,040

-

-

-

-

0

0

12,030

11,577

11,397

11,166

10,964

11,913

16,987

18,536

21,425

11,654

14,649

15,286

13,816

13,750

28,802

-

-

33,985

-

-

-

-

-

-

-

-

-

-

-

Right-of-use asset

346

438

673

784

690

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit on potential Joint Venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,090

-

-

-

-

-

-

-

Prepaid fixed asset deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,252

0

-

-

-

-

0

-

-

-

-

-

-

-

Prepaid operating license rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211,059

213,220

-

-

-

-

-

-

-

-

-

-

-

-

Deposit for BT project

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67,862

67,060

-

-

-

-

-

-

-

-

Property, plant and equipment, Net

255,596

259,377

276,151

271,426

200,950

199,571

186,682

154,561

134,838

135,042

139,060

131,944

132,050

122,196

126,968

120,708

104,139

94,555

95,061

104,103

108,624

109,980

120,956

103,970

104,451

101,970

66,979

93,958

93,225

37,748

-

-

-

-

-

-

-

Total Other Assets

319,094

339,790

307,457

303,855

234,078

231,503

218,611

187,818

181,913

180,354

183,677

175,662

174,991

165,631

176,749

172,174

159,499

139,931

167,749

179,990

-

143,116

169,097

341,850

322,231

-

73,693

617,493

208,223

47,167

-

-

-

-

-

-

-

Total Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182,838

-

-

-

-

139,424

-

-

-

-

-

-

-

-

-

-

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

110

Total Assets

478,552

404,128

392,750

361,590

333,399

246,961

246,371

206,734

205,512

201,138

218,772

213,681

213,452

226,472

225,255

229,467

222,337

231,877

265,963

255,488

317,008

249,030

234,553

396,693

377,383

170,131

355,359

683,275

505,737

481,026

50,495

50,580

50,740

50,873

50,908

51,221

278

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable

3,064

7,951

47,626

56,640

20,895

30,642

40,233

15,521

7,514

4,301

6,872

2,452

949

916

911

941

946

978

1,111

1,216

1,310

1,181

312

839

-

2,184

-

-

-

-

-

-

-

-

-

-

-

Accounts payable - related parties

1,643

1,707

319

382

2,988

3,244

2,355

1,248

1,271

1,803

4,750

8,657

4,452

2,560

105

1,726

1,076

408

5,057

312

296

2,601

4,343

10,191

-

13,807

-

-

-

-

-

-

-

-

-

-

-

Accounts payable - third parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,489

-

151

8,875

7,462

70

-

-

-

-

-

-

-

Accounts payable - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,051

-

163

0

4,956

5,765

-

-

-

-

-

-

-

Advances from customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9

164

161

0

0

297

476

2,452

793

0

-

-

-

-

-

-

-

Receipt in advance - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,681

-

-

-

-

-

-

-

Short-term bank loans

90,612

10,034

4,955

5,077

5,169

5,085

0

6,043

9,780

14,600

16,600

22,658

23,578

21,554

26,148

22,365

18,002

21,971

28,571

31,500

31,500

30,353

36,071

20,958

10,808

9,085

22,363

20,144

12,020

25,169

-

-

-

-

-

-

-

Long-term bank loans - current portion

55,539

57,122

51,676

22,182

21,088

8,487

7,486

5,894

6,202

5,968

12,083

11,838

17,393

17,298

15,098

15,157

12,763

12,679

12,150

13,286

12,424

18,868

26,895

26,678

24,535

20,252

11,413

11,381

7,499

8,094

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,395

1,584

-

-

-

-

-

-

-

-

Accrued liabilities and other payables

9,837

11,428

8,196

8,586

7,224

6,058

4,195

4,312

4,348

5,354

5,473

5,884

5,757

4,399

5,826

5,429

4,563

5,044

9,263

7,469

6,424

5,602

4,812

4,744

3,542

4,643

3,684

13,046

4,645

1,033

-

-

-

-

-

-

-

Lease liability- current liability

315

375

436

432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

-

-

-

-

690

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other payables - related party

-

-

-

-

-

-

-

-

0

-

9,819

8,281

16,856

18,147

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

790

-

-

790

-

-

790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related parties

18

168

23

10,677

30,292

19,555

11,165

11,465

5,201

4,386

3,040

2,056

1,203

43

8,614

23

24

1,384

23

4,373

3,473

2,373

673

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Advances from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

650

-

115

480

-

153

-

-

-

-

-

-

-

Advance from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,147

-

-

-

-

-

-

-

-

Derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Deferred grant income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,691

1,688

520

1,714

9,522

9,410

0

-

-

-

-

-

-

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181,463

-

-

14,052

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

28

5

11

20

151

64

Deferred underwriter's fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,250

2,250

-

2,250

-

-

-

Deferred underwriter's fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,250

-

2,250

2,250

0

Shareholder loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

192

Due to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

0

0

0

0

0

0

Total Current Liabilities

161,030

88,788

113,233

103,980

88,349

73,073

65,436

44,485

34,318

36,415

58,640

61,829

70,190

64,920

56,705

45,644

38,167

42,466

56,176

58,949

55,438

61,146

74,061

65,103

52,766

50,790

221,546

71,299

72,428

67,021

2,354

2,278

2,255

2,261

-

-

257

OTHER LIABILITIES:
Lease liability

-

32

198

312

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155,166

-

-

-

-

-

-

-

-

-

Long-term bank loans - non-current portion

155,715

160,230

125,125

102,840

92,559

22,329

26,093

14,055

17,890

17,217

19,888

19,485

21,958

21,839

31,816

31,941

22,720

22,570

29,572

31,894

38,810

38,625

44,706

44,345

51,959

54,499

58,431

12,195

17,674

16,689

-

-

-

-

-

-

-

Total Other Liabilities

-

-

125,323

103,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,345

51,959

-

58,431

167,361

17,674

16,689

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,152

4,573

4,931

4,483

-

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total Liabilities

316,746

249,050

238,557

207,133

180,909

95,402

91,529

58,541

52,209

53,633

78,529

81,314

92,148

86,760

88,522

77,586

60,888

65,037

85,749

90,843

94,249

99,771

118,768

109,448

104,725

105,290

279,977

238,661

90,103

83,710

4,506

6,851

7,187

6,745

2,270

2,402

257

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SHAREHOLDERS’ EQUITY:
Maximum ordinary shares, subject to possible redemption 4,016,232 and 3,893,357 shares stated at conversion value, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,988

38,728

38,553

39,128

43,638

43,818

0

Ordinary shares ($0.001 par value; 125,000,000 shares authorized; 79,055,053 shares issued and outstanding at March 31, 2020 and December 31, 2019)

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

79

77

2

2

2

2

1

2

1

Additional paid-in capital

81,682

81,682

81,682

81,682

81,682

81,682

81,682

81,682

81,682

81,682

81,906

81,906

81,906

111,008

111,008

111,008

111,008

111,008

111,011

111,011

167,217

117,525

117,525

-

-

117,525

26,645

141,381

141,381

135,427

3,292

5,552

5,728

5,153

5,308

5,114

42

Retained earnings

61,951

54,286

56,317

52,284

47,705

49,593

54,398

42,585

40,430

40,349

39,897

34,734

26,567

17,438

9,794

23,411

28,427

34,318

47,171

26,475

28,748

21,315

-12,019

235,342

221,022

-63,654

0

255,400

230,911

220,196

-

-

-

-

-

-

-

Statutory reserve

15,748

15,748

14,760

14,760

14,760

14,760

12,978

12,978

12,978

12,978

9,391

9,391

9,391

9,391

9,391

9,391

9,391

9,391

6,412

6,412

6,412

6,412

6,412

22,410

22,410

6,412

19,877

19,770

19,481

19,421

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-17,634

-16,080

-17,884

-13,576

-10,754

-13,448

-13,412

-7,618

-576

-5,731

-8,438

-10,407

-12,288

-12,879

-7,854

-7,434

-3,515

-4,326

-1,768

4,635

4,206

3,925

3,787

29,412

29,146

4,478

28,779

27,982

23,780

22,193

-

-

-

-

-

-

-

Retained earnings (Deficit) accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,704

555

730

155

310

116

23

Total equity attributable to owners of the company

141,827

135,715

134,954

135,230

133,472

132,666

135,725

129,707

134,594

129,357

122,836

115,704

105,656

125,038

122,418

136,455

145,390

150,470

162,906

148,614

206,665

149,258

115,785

287,245

272,658

64,841

75,381

444,613

415,634

397,315

5,000

5,000

5,000

5,000

5,000

5,000

21

Non-controlling interest

19,979

19,361

19,238

19,226

19,017

18,892

19,115

18,485

18,708

18,147

17,406

16,661

15,647

14,674

14,315

15,426

16,059

16,369

17,307

16,029

16,094

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Shareholders’ Equity

161,806

155,077

154,192

154,457

152,490

151,559

154,841

148,193

153,303

147,505

140,242

132,366

121,304

139,712

136,733

151,881

161,449

166,839

180,214

164,644

222,759

149,258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities and Shareholders’ Equity

478,552

404,128

392,750

361,590

333,399

246,961

246,371

206,734

205,512

201,138

218,772

213,681

213,452

226,472

225,255

229,467

222,337

231,877

265,963

255,488

317,008

249,030

234,553

396,693

377,383

170,131

355,359

683,275

505,737

481,026

50,495

50,580

50,740

50,873

50,908

51,221

278