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Pingtan Marine Enterprise Ltd. (PME)
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Pingtan Marine Enterprise Ltd. Income Statement 2021-2010 | PME
Brief overview of financial performance at Pingtan Marine Enterprise Ltd.
The comparison covers a five-year financial horizon. Pingtan Marine Enterprise Ltd. reported revenue of $20.5 million in 2016 and $164 million by 2021. The total change was +698.8%, with a CAGR of approximately 51.5%. Revenue growth reflects a pronounced phase of business expansion.
Gross profit changed from −8.8 million dollars to −12.6 million dollars (−43.8%). The cost base moved more slowly than the top line, which supported margins. Gross profit as a share of revenue changed from −42.8% to −7.7%. The margin shift points to a more favorable sales-and-cost structure.
EBITDA changed from −6.8 million dollars to 29.7 million dollars (+535.2%). EBITDA lagged revenue, showing weaker operating momentum. At the operating-margin level, the figure shifted from −33.2% to 18.1%. A wider margin confirms stronger operating efficiency.
The net financial result changed from −13.7 million dollars to −2.4 million dollars. The direction improved, yet positive earnings are still absent.
Over the period, capitalization shifted from 238 million dollars to 57.7 million dollars (−75.7%). The market has not yet confirmed the improvement in fundamentals.
Summary assessment
The figures do not all move in the same direction. The constructive conclusion rests on a stronger final result, a larger revenue base and positive operating leverage. Caution is warranted because of lower investor confidence and a narrow gross-profit buffer. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Pingtan Marine Enterprise Ltd.
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
57.7 M | 118 M | 85.4 M | 179 M | 253 M | 238 M | 96.4 M | 188 M | 218 M | 716 M | 695 M | - |
Shares |
84.9 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 78.8 M | 77.2 M | 77.2 M | 1.96 M |
Historical Prices |
0.68 | 1.49 | 1.08 | 2.27 | 3.2 | 3.01 | 1.22 | 2.38 | 2.77 | 9.27 | 9 | - |
Net Income |
-2.39 M | -72.9 M | 5.68 M | 13.4 M | 29.7 M | -13.7 M | 18.4 M | 85.8 M | 99 M | 109 M | 101 M | -23.4 K |
Revenue |
164 M | 87.2 M | 89.6 M | 64.3 M | 63.2 M | 20.5 M | 60.7 M | 233 M | 123 M | 67.5 M | 25.6 M | - |
Cost of Revenue |
177 M | 89.7 M | 64.4 M | 33.2 M | 41.1 M | 29.3 M | 63.5 M | 156 M | 75 M | 41.6 M | 14.6 M | - |
Gross Profit |
-12.6 M | -2.42 M | 25.2 M | 31 M | 22.1 M | -8.79 M | -2.78 M | 77.6 M | 47.7 M | 25.9 M | 11 M | - |
Operating Income |
13.6 M | -68.5 M | 13.2 M | 15.9 M | 33.3 M | -13.4 M | 24 M | 70.4 M | 42.9 M | 24.8 M | 10.4 M | - |
Interest Expense |
17.4 M | 13.4 M | 6.06 M | 1.21 M | 2.4 M | 1.97 M | 3.63 M | 4.82 M | 3.3 M | 2.88 M | 845 K | - |
EBITDA |
29.7 M | -53.8 M | 24.5 M | 25 M | 42.2 M | -6.82 M | 30.4 M | 76.4 M | 45.3 M | 27.5 M | 12.3 M | - |
Operating Expenses |
-26.2 M | 66.1 M | 12.1 M | 15.2 M | -11.2 M | 4.65 M | -26.8 M | 7.21 M | 4.81 M | 1.11 M | 310 K | - |
General and Administrative Expenses |
5.89 M | 4.09 M | 4.16 M | 4.51 M | 4.5 M | 924 K | 2.93 M | 4.54 M | 3.19 M | 464 K | 251 K | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Pingtan Marine Enterprise Ltd.
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | - | - | - | 84.9 M | 86.4 M | 86.4 M | 86.2 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 79.1 M | 77.2 M | 6.25 M | 6.25 M | 6.25 M | 1.96 M | 6.44 M | 6.44 M | 6.25 M |
Net Income |
- | - | - | - | -2.39 M | 2.87 M | 47.2 K | -11.6 M | -77.6 M | 689 K | -1.58 M | 7.66 M | 6.38 M | 4.03 M | 4.58 M | -1.89 M | -3.02 M | 12.6 M | 2.95 M | 872 K | 4.83 K | 5.95 M | 8.96 M | 9.92 M | 8.43 K | -12.8 M | -4.22 M | -5.1 M | -9.07 K | 20.7 M | -1.48 M | 8.42 M | 33.3 M | 14.2 M | 14.8 M | 23.4 M | 42.3 M | 18.3 M | 24.8 M | 13.8 M | - | 2.26 M | 176 K | -575 K | - | -194 K | 80.7 K | -312 K |
Revenue |
- | - | - | - | 164 M | 36.1 M | 36.9 M | 28.3 M | 87.2 M | 15.4 M | 23.5 M | 17.3 M | 89.6 M | 11.2 M | 25.5 M | 18.4 M | 25.1 M | 14.7 M | 13.6 M | 10.9 M | 16.4 K | 5.46 M | 35.7 M | 5.66 M | 13.2 K | 1.17 M | 2.1 M | 4.12 M | 14 K | 2.74 M | 15.3 M | 28.7 M | 56.5 M | 54.4 M | 56.9 M | 65.6 M | 61 M | 20.6 M | 71.9 M | 46.4 M | - | 13.2 M | 69.9 M | 75.1 M | - | - | - | - |
Cost of Revenue |
- | - | - | - | 177 M | 40.2 M | 31.8 M | 34.6 M | 89.7 M | 13.8 M | 21.3 M | 11.6 M | 64.4 M | 7.59 M | 16.2 M | 14.3 M | - | 5.3 M | 6.65 M | 5.28 M | - | 6.77 M | 24.6 M | 5.6 M | - | 13.5 M | 5.15 M | 7.43 M | - | 9.25 M | 14 M | 17.3 M | - | 38.9 M | -39.5 M | 40 M | 35.6 M | 12.4 M | 37.5 M | 30.3 M | - | 9.69 M | 36.7 M | 37.7 M | - | - | - | - |
Gross Profit |
- | - | - | - | -12.6 M | -4.06 M | 5.05 M | -6.25 M | -2.42 M | 1.66 M | 2.16 M | 5.75 M | 25.2 M | 3.59 M | 9.27 M | 4.08 M | 9.08 M | 9.38 M | 6.96 M | 5.6 M | 12.2 K | -1.31 M | 11.1 M | 63.3 K | 9.88 K | -12.3 M | -3.04 M | -3.31 M | -8.94 K | -6.51 M | 1.21 M | 11.5 M | 19.1 M | 15.5 M | 17.4 M | 25.6 M | 25.4 K | 8.16 M | 34.5 M | 16.1 M | - | 3.46 M | 33.2 M | 37.3 M | - | - | - | - |
Operating Income |
- | - | - | - | 13.6 M | 7.58 M | 2.51 M | -8.08 M | -68.5 M | 3.18 M | 96.1 K | 10.6 M | 13.2 M | 6.61 M | 6.45 M | -1.45 M | - | 14.4 M | 3.58 M | 864 K | - | 6.61 M | 9.68 M | -1.41 M | - | -13.1 M | -4.02 M | -5.12 M | - | -7.55 M | 545 K | 9.32 M | - | 14 M | 16.1 M | 24.1 M | 23.7 M | 6.62 M | 31.1 M | 14.5 M | - | 3.1 M | 30.4 M | 34.6 M | - | - | - | - |
Interest Expense |
- | - | - | - | 17.4 M | 4.06 M | 3.86 M | 3.8 M | 13.4 M | 4.04 M | 2.94 M | 2.9 M | 6.06 M | 777 K | 1.6 M | 529 K | - | 262 K | 195 K | 462 K | - | 490 K | 648 K | 703 K | - | 739 K | 396 K | 522 K | - | 817 K | 1.09 M | 954 K | - | 679 K | 1.28 M | 1.13 M | 1.18 M | 1.05 M | 914 K | 685 K | - | 1.08 M | 894 K | 465 K | - | - | - | - |
EBITDA |
- | - | - | - | 29.7 M | 12.9 M | 5.89 M | -4.59 M | -53.8 M | 7.13 M | 3.39 M | 14 M | 24.5 M | 9.24 M | 8.78 M | 1.29 M | - | 16.6 M | 5.91 M | 3.3 M | - | 8.77 M | 11.9 M | 699 K | - | -11.6 M | -2.4 M | -3.44 M | - | -6.78 M | 2.6 M | 10.8 M | - | 14.7 M | 18 M | 25.5 M | 23.7 M | 8.89 M | 36.5 M | 17.1 M | - | 5.7 M | 35.9 M | 37.3 M | - | - | - | - |
Operating Expenses |
- | - | - | - | -26.2 M | -11.6 M | 2.55 M | 1.84 M | 66.1 M | -1.52 M | 2.07 M | -4.89 M | 12.1 M | -3.03 M | 2.82 M | 5.53 M | - | -5.05 M | 3.38 M | 4.74 M | - | -7.91 M | 1.44 M | 1.48 M | - | 755 K | 982 K | 1.81 M | - | 1.05 M | 661 K | 2.15 M | - | 1.5 M | 1.37 M | 1.45 M | 1.73 M | 1.54 M | 1.04 M | 496 K | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
- | - | - | - | 5.89 M | 1.17 M | 1.96 M | 1.77 M | 4.09 M | 810 K | 795 K | 1.27 M | 4.16 M | 629 K | 1.37 M | 3.6 M | - | 775 K | 1.52 M | 1.56 M | - | 978 K | 1.26 M | 1.09 M | - | 661 K | 911 K | 1.47 M | - | 734 K | 369 K | 1.44 M | - | 829 K | 799 K | 780 K | 846 K | 1.18 M | 3.17 M | 1.41 M | - | 210 K | 2.55 M | 2.47 M | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Pingtan Marine Enterprise Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.