CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net income $ 97,399,420 [1] $ 105,792,014 [1] $ 100,697,586 [1],[2]
Discontinued operations, net of tax (51,910,662) [1] (84,494,428) [1] (90,257,249) [1],[2]
Income from continuing operations 45,488,758 21,297,586 10,440,337 [2]
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 3,297,751 2,983,086 1,917,747 [2]
Available-for-sales financial instrument fair value adjustment 0 0 705 [2]
Short term investment income 0 (15,860) 0 [2]
Amortization of operating license rights 720,339 0 0 [2]
Changes in operating assets and liabilities      
Accounts receivable - third parties 2,788,320 (10,562,176) 1,627,853 [2]
Accounts receivable - related parties 0 4,584,509 (3,426,607) [2]
Other receivables 19,201 6,797,156 (323,246) [2]
Prepaid expenses (1,925,477) (218,759) (157,077) [2]
Inventories (8,766,511) 2,397,340 (1,848,587) [2]
Accounts payable - third parties 2,081,172 (43,377) (73,055) [2]
Accounts payable - related parties 13,944,394 3,060,668 (1,423,494) [2]
Receipt in advance 292,802 (1,160,618) 771,142 [2]
Accrued liabilities and other payables 2,737,334 763,533 204,254 [2]
Net cash provided by operating activities from continuing operations 47,651,313 42,558,162 7,709,972 [2]
Cash flows from investing activities      
Payment for long term investment 0 (2,661,766) (649,752) [2]
Proceeds from disposition of / (payment for) short-term investment 0 808,052 (774,220) [2]
Proceeds from deferred income 8,320,882 0 0 [2]
Payment for fixed asset deposits (1,901,220) 0 0 [2]
Purchase of property, plant and equipment (256,831,561) (33,692,090) (7,086,080) [2]
Advance to related parties (312,569) (41,505,027) (21,574,926) [2]
Disposal of subsidiaries, net of cash (84,917,899) 0 0 [2]
Net cash used in investing activities from continuing operations (335,642,367) (77,050,831) (30,084,978) [2]
Cash flows from financing activities      
Proceeds from short-term loans 43,713,708 51,384,055 21,337,156 [2]
Repayment of short-term loans (60,613,140) (48,079,121) (10,055,693) [2]
Proceeds from long-term loans 55,811,568 26,617,656 0 [2]
Repayment of long-term loans (7,584,023) (1,845,808) 0 [2]
Proceeds from capital injection 0 5,955,756 0 [2]
Advance from related parties, net of reception in form of note receivable (777) 9,075,004 12,361,389 [2]
Net cash provided by financing activities from continuing operations 31,327,336 43,107,542 23,642,852 [2]
Cash flow from discontinued operations      
Net cash provided by operating activities from discontinued operations 79,605,841 92,587,488 67,151,092 [2]
Net cash provided by/(used in)investing activities from discontinued operations 7,099,979 (42,204,987) (47,811,882) [2]
Net cash (used in)/provided by financing activities from discontinued operations (407,030) 560,216 12,408 [2]
Net cash provided by discontinued operations 86,298,790 50,942,717 19,351,618 [2]
Effect of exchange rate 3,032,812 1,726,785 4,565,872 [2]
Net (decrease)/increase in cash (167,332,116) 61,284,375 25,185,336 [2]
Cash at the beginning of period 175,488,715 [3] 114,204,340 [2],[3] 89,019,004 [2]
Cash at the end of period 8,156,599 [3] 175,488,715 [3] 114,204,340 [2],[3]
Supplemental disclosure of non-cash transaction eliminated in above:      
Banker's acceptance notes received from related parties 3,745,196 0 0 [2]
Purchase of prepaid operating license rights 216,101,695 0 0 [2]
Purchase of property, plant and equipment by setting off advances to related parties 55,064,953 0 0 [2]
Deposit on setting up Joint Venture netted of accounts payable-related parties 6,090,302 0 0 [2]
Discontinued Operations [Member]
     
Supplemental disclosure of cash flow information:      
Income tax paid 17,278,643 29,324,336 26,956,670 [2]
Continuing Operations [Member]
     
Supplemental disclosure of cash flow information:      
Interest paid 4,060,069 3,428,193 952,200 [2]
Related Party [Member]
     
Changes in operating assets and liabilities      
Receipt in advance $ (13,026,770) $ 12,675,074 $ 0 [2]
[1] Total net income and net income from discontinued operations, net of tax included accretion of discount on Class A Preferred Shares in amount of $6,135,012.
[2] 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, 2011 rather than on February 25, 2013.
[3] Includes cash and cash equivalents of discontinued operations of $nil, $165,062,575 and $112,409,544 as of December 31, 2013, 2012 and 2011, respectively.