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Pingtan Marine Enterprise Ltd.'s Business Segments
Pingtan Marine Enterprise Ltd.'s reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
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Largest Segment
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Total Revenue
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Regions Reported
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Annual Results
Revenue by Product & Service Category -
- Argentine Squid29.9%
- Others24.1%
- Indian Ocean Squid13.6%
- South American White Shrimp11%
- Sardine11%
- Peru Squid10.3%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Argentine Squid | $ 49 | 29.9% |
| Others | $ 40 | 24.1% |
| Indian Ocean Squid | $ 22 | 13.6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
3 more categories available
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Description of Pingtan Marine Enterprise Ltd.
We are a marine enterprises group primarily engaging in ocean fishing through
our wholly-owned PRC operating subsidiary and VIE, Fujian Provincial Pingtan County
Ocean Fishing Group Co., Ltd., or Pingtan Fishing. We harvest a variety of fish
species with our owned and licensed vessels operating within the Indian Exclusive
Economic Zone and the Arafura Sea of Indonesia. We provide high quality seafood
to a diverse group of customers including distributors, restaurant owners and
exporters in the PRC.
In June 2013, we expanded our fleet from 40 to 86 through a purchase of 46 fishing trawlers from a related party for a total consideration of $410.1 million. We began operating the vessels in the third quarter of 2013 and since then we have been entitled to their operations and net profits. Each vessel carries crew of 10 to 15 persons. These vessels have resulted in additional carrying capacity of approximately 45,000 to 50,000 tons for us.
In September 2013, we further increased our fleet to 106 vessels with the addition of 20 newly-built fishing trawlers, which were initially ordered in September 2012. These vessels have an expected run-in period of 3 - 6 months, during which each is placed into the sea for testing prior to full operation. At full operation, each vessel is capable of harvesting 900 to 1,000 tons of fish.
In June 2013, we expanded our fleet from 40 to 86 through a purchase of 46 fishing trawlers from a related party for a total consideration of $410.1 million. We began operating the vessels in the third quarter of 2013 and since then we have been entitled to their operations and net profits. Each vessel carries crew of 10 to 15 persons. These vessels have resulted in additional carrying capacity of approximately 45,000 to 50,000 tons for us.
In September 2013, we further increased our fleet to 106 vessels with the addition of 20 newly-built fishing trawlers, which were initially ordered in September 2012. These vessels have an expected run-in period of 3 - 6 months, during which each is placed into the sea for testing prior to full operation. At full operation, each vessel is capable of harvesting 900 to 1,000 tons of fish.
All of the Companys operations are considered by the chief operating decision
maker to be aggregated in one reportable operating segment. All of the Company’s
customers are in the PRC and all income is derived from ocean fishery.
