Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., engages in the ocean fishing business. The company catches a range of fish species, such as squid, ribbon fish, croaker fish, and cuttlefish. As of December 31, 2019, it owned 41 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, 4 longline fishing vessels, and 2 transport vessels, as well as had operating license rights to 20 drifters. The company serves various customers, including distributors, restaurant owners, and exporters in the People's Republic of China. Pingtan Marine Enterprise Ltd. has strategic cooperation agreements with World Telecom Satellite Technology Limited and Wuhan Incar Technology Limited to explore the construction of PME-Live, a high-speed information platform for pelagic fishing vessels, as well as establish PME-Track, an aquatic products production, supply, and marketing tracking management platform. The company is based in Fuzhou, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: ptmarine.com
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FUZHOU, China, Oct. 26, 2022 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ:PME) ("Pingtan," "we" or the "Company"), a fishing company based in the People's Republic of China (PRC), today announced the unaudited financial results for the six months ended June 30, 2022. First Half 2022 Financial Highlights (Year-on-Year Comparisons) Revenue was $72.2 million, representing a year-on-year increase of 10.8%.Gross profit was $13.5 million, as compared to gross loss $1.2million in the first half of 2021.Net loss was $8.6 million, as compared to $12.6 million in the first half of 2021.Net loss attributable to owners of the Company was $8.0 million, or $(0.09) per basic and diluted share, as
Company to Hold Conference Call on Wednesday, May 18, 2022, at 8:30 AM ET FUZHOU, China, May 17, 2022 /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 financial results for its fourth quarter and fiscal year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights (Year over Year Comparison) Revenue was $62.8 million, representing a 102.5% year-over-year increase.Gross loss was $7.4 million, compared to gross loss of $12.0 million, and gross loss margin was 11.8%, compared to gross loss margin of 38.7%.Net income attributable to owners of the Company was $6.7 mil
FUZHOU, China, Nov. 16, 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 financial results for its third quarter and nine months ended September 30,2021. Third Quarter 2021 Financial Highlights (Year-on-Year Comparisons) Revenue was $36.1 million, increased by 133.7%from$15.4 million.Gross loss was $4.1 million compared to gross profit of $1.7million.Net income was $2.9 million, compared to net income of $0.8 million.Net income attributable to ordinary shareholders of the Company was $2.6 million, or $0.03per basic and diluted share, compared to net income attributa
4 - Pingtan Marine Enterprise Ltd. (0001517130) (Issuer)
SC 13D/A - Pingtan Marine Enterprise Ltd. (0001517130) (Subject)
25-NSE - Pingtan Marine Enterprise Ltd. (0001517130) (Subject)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
6-K - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
20-F - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
NT 20-F - Pingtan Marine Enterprise Ltd. (0001517130) (Filer)
FUZHOU, China, Dec. 27, 2022 /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 received a notification letter dated December 21, 2022 (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that based on the actions from U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC"), the Nasdaq Staff ("the Staff") has determined that the continued listing of the Company's securities are no longer warranted pursuant to Listing Rule 5101. Absent a request for appeal, the Company's common sto
FUZHOU, China, Dec. 22, 2022 /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 each of the proposed resolutions submitted for shareholders' approval (the "Proposed Resolutions") as set forth in the notice of annual general meeting and the proxy statement dated October 28, 2022 (the "Notice and Proxy Statement") has been duly adopted at its annual general meeting of shareholders held in Fuzhou, China on December 14, 2022. After the adoption of the Proposed Resolutions, all corporate authorizations and actions contemplated thereunder were approved, include (1) the appointme
NEW YORK, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading will resume today in Pingtan Marine Enterprise Ltd. (NASDAQ:PME) at 11:00 a.m. Eastern Time on December 19, 2022. Trading in the company's stock was halted on December 9, 2022 at 09:14:21 a.m. Eastern Time. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. NDAQO Nasdaq Media Contact:Sophia [email protected]
FUZHOU, China, Dec. 16, 2022 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ:PME), ("Pingtan" or the "Company"), a fishing company based in the People's Republic of China (the "PRC"), today announced that it was notified by The Nasdaq Stock Market LLC ("Nasdaq") on December 9, 2022, that the trading in PME stock has been suspended in response to the actions by the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC"). In a press release earlier the same day, OFAC designated certain individuals and companies along with their affiliated entities, including the Company and its Chairman and Chief Executive Officer, Mr. Xinrong Zhuo, as well as certain vessels in whic
NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading was halted today in Pingtan Marine Enterprise Ltd. (NASDAQ:PME) at 09:14:21 A.M. Eastern Time for "additional information requested" from the company at a last sale price of $0.57. Trading will remain halted until Pingtan Marine Enterprise Ltd. has fully satisfied Nasdaq's request for additional information. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nas
FUZHOU, China, Oct. 28, 2022 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. ("Pingtan" or the "Company") (NASDAQ:PME), a fishing company based in the People's Republic of China (the "PRC"), today announced that it will hold its 2022annual general meeting of members (the "2022 AGM") at 10:00 a.m. China Standard Time on December 14, 2022, for the purpose of considering and, if thought fit, passing each of the proposed resolutions set forth in the notice of the 2022 AGM (the "AGM Notice"). The 2022 AGM will be held at 18 Floor, Zhongshan Building A, No. 154 Hudong Road, Fuzhou, Fujian, People's Republic of China. The AGM Notice and the form of proxy for the 2022 AGM are available on http://www.
FUZHOU, China, Oct. 28, 2022 /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 received a notification letter dated October 25, 2022 (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that for the last 30 consecutive business days from September 9, 2022 through October 24, 2022, the closing bid price for the Company's ordinary shares was below the minimum bid price of $1.00 required for continued listing under Nasdaq Listing Rule 5550(a)(2). The Notification Letter has no immediate impact on t
FUZHOU, China, Oct. 26, 2022 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ:PME) ("Pingtan," "we" or the "Company"), a fishing company based in the People's Republic of China (PRC), today announced the unaudited financial results for the six months ended June 30, 2022. First Half 2022 Financial Highlights (Year-on-Year Comparisons) Revenue was $72.2 million, representing a year-on-year increase of 10.8%.Gross profit was $13.5 million, as compared to gross loss $1.2million in the first half of 2021.Net loss was $8.6 million, as compared to $12.6 million in the first half of 2021.Net loss attributable to owners of the Company was $8.0 million, or $(0.09) per basic and diluted share, as
FUZHOU, China, July 5, 2022 /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 received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated June 29, 2022, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing of its ordinary shares on the Nasdaq Capital Market. As previously announced, the Company was notified by Nasdaq on June 30, 2021 that the bid price of the Company's ordinary shares for the last 30 co
Company to Hold Conference Call on Wednesday, May 18, 2022, at 8:30 AM ET FUZHOU, China, May 17, 2022 /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 financial results for its fourth quarter and fiscal year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights (Year over Year Comparison) Revenue was $62.8 million, representing a 102.5% year-over-year increase.Gross loss was $7.4 million, compared to gross loss of $12.0 million, and gross loss margin was 11.8%, compared to gross loss margin of 38.7%.Net income attributable to owners of the Company was $6.7 mil
FUZHOU, China, Dec. 22, 2022 /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 each of the proposed resolutions submitted for shareholders' approval (the "Proposed Resolutions") as set forth in the notice of annual general meeting and the proxy statement dated October 28, 2022 (the "Notice and Proxy Statement") has been duly adopted at its annual general meeting of shareholders held in Fuzhou, China on December 14, 2022. After the adoption of the Proposed Resolutions, all corporate authorizations and actions contemplated thereunder were approved, include (1) the appointme
FUZHOU, China, Dec. 29, 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 each of the following proposed resolutions submitted for shareholder approval has been duly adopted at its annual general meeting of shareholders held in Fuzhou on December 23, 2021: The election of XingAn Lin and Lin Lin as Class C directors to the Board of Directors and to serve for a three-year term to expire at the 2024 annual general meeting or until a successor is duly elected and qualified; and The ratification of the appointment of Wei, Wei & Co, LLP as the Company's independent register
FUZHOU, China, Dec. 20, 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 the Company will hold its Annual General Meeting of Members ("AGM") on December 23, 2021, at 10:00 a.m. China Standard Time. The meeting will be held at 18 Floor, Zhongshan Building A, No. 154 Hudong Road, Fuzhou, Fujian, People's Republic of China. At the meeting, the following proposals will be submitted to shareholders to vote upon, as fully described in the proxy statement filed with the U.S. Securities and Exchange Commission and first made available to shareholders on November 12, 2021: Th
FUZHOU, China, Aug. 26, 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 Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on August 23, 2021, indicating that, since the Company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the "Form 10-K") and its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the "Q1 Form 10-Q"), and the delay in the filing of its Quarterly Report on Form 10-Q for the per
FUZHOU, China, Dec. 7, 2020 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan" or the "Company"), today announced that the Company will hold its Annual General Meeting of Members ("AGM") on December 23, 2020, at 10:00 a.m. China Standard Time. The meeting will be held at 18 Floor, Zhongshan Building A, No. 154 Hudong Road, Fuzhou, Fujian, People's Republic of China. At the meeting, the following proposals will be submitted to shareholders to vote upon, as fully described in the proxy statement filed with the U.S. Securities and Exchange Commission and first made available to shareholders on November 12, 2020: The election of one Class B director to the Board of Dire
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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 received a notification letter dated December 21, 2022 (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that based on the actions from U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC"), the Nasdaq Staff ("the Staff") has determined that the continued listing of the Company's securities are no longer warranted pursuant to Listing Rule 5101. Absent a request for appeal, the Company's common stock will be suspended at the opening of busin
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On Wednesday, 152 stocks made new 52-week lows. Areas of Interest About Today's 52-Week Lows: Tesla (NASDAQ:TSLA) was the largest firm on a market cap basis to set a new 52-week low. Pingtan Marine Enterprise (NASDAQ:PME) was the smallest company in terms of market cap to set a new 52-week low. Pingtan Marine Enterprise (NASDAQ:PME) shares traded down 99.97% to reach its 52-week low, making it the biggest loser. SmartRent (NYSE:SMRT) saw the sharpest rebound, as shares ascended 0.0%, reversing after hiting a new 52-week low. The following stocks created new 52-week lows on Wednesday: Tesla (NASDAQ:TSLA) shares moved up 1.51% on Wednesday to hit a new 52-week low of $135.89, dr
The Nasdaq Stock Market® (NASDAQ:NDAQ) announced that trading will resume today in Pingtan Marine Enterprise Ltd. (NASDAQ:PME) at 11:00 a.m. Eastern Time on December 19, 2022. Trading in the company's stock was halted on December 9, 2022 at 09:14:21 a.m. Eastern Time. For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotesSM on the Nasdaq® Web site. For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.