CNEY on Nasdaq
CN ENERGY GROUP. INC.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
1.8%Gross margin2
-30.9%Operating margin2
-31.3%Net margin2
-30.2%Revenue growth, 20252
-10.9%Return on equity2
-$2.0MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue98¢$34.9M
- Research and development0¢$1.3K
- Other costs1¢$477.7K
- Interest0¢$168.2K
- Income tax0¢$378
Out of $35.6M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Revenues | $35.6M | $51.0M | $57.9M |
| Cost of revenues | -$34.9M | -$51.1M | -$57.1M |
| Gross profit (loss) | $647.6K | -$181.1K | $788.6K |
| Allowance for credit losses | -$8.9M | -$9.0M | -$195.4K |
| Selling expenses | $0 | $0 | -$53.0K |
| General and administrative expenses | -$2.7M | -$3.2M | -$5.7M |
| Research and development expenses | -$1.3K | -$135.1K | -$988.6K |
| Total operating expenses | -$11.6M | -$12.3M | -$7.0M |
| Loss from operations | -$11.0M | -$12.5M | -$6.2M |
| Interest expense | -$168.2K | -$336.0K | -$712.5K |
| Amortization of debt issuance costs | -$540.5K | $0 | $0 |
| Government subsidy income | $0 | $81.9K | $926.0K |
| Interest income | $2.6K | $388 | $489 |
| Gain (loss) on disposal of subsidiaries | $815.7K | -$1.3M | $0 |
| Share of net loss from equity investee | -$308.7K | $0 | $0 |
| Other income (expenses) | $33.0K | -$17.2K | $116.6K |
| Total other (expenses) income, net | -$166.2K | -$1.6M | $330.6K |
| Loss before income taxes | -$11.1M | -$14.0M | -$5.8M |
| Income tax (expenses) benefits | -$378 | $8.9K | $222.1K |
| Net loss | -$11.1M | -$14.0M | -$5.6M |
| Net loss | -$11.1M | -$14.0M | -$5.6M |
| Foreign currency translation (loss) gain | -$3.7M | $4.8M | -$2.2M |
| Comprehensive loss. | -$14.9M | -$9.2M | -$7.9M |
| Basic | -$21.46 | -$103.27 | -$78.01 |
| Diluted | -$21.46 | -$103.27 | -$78.01 |
| Basic | 519.3K shares | 136.0K shares | 72.1K shares |
| Diluted | 2.0M shares | 274.5K shares | 90.7K shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and restricted cash | $390.7K | $317.3K | $195.5K |
| Accounts receivable, net | $1.7M | $11.8M | |
| Inventories, net | $3.6M | $3.3M | |
| Advances to suppliers, net | $21.4M | $26.5M | |
| Other receivable | $0 | $18.7M | |
| Loan to a third party | $4.7M | $0 | |
| Acquisition reversal receivable | $33.2M | $0 | |
| Prepaid expenses and other current assets | $739.3K | $863.7K | |
| Total current assets | $65.8M | $61.5M | |
| Biological assets, net | $0 | $28.5M | |
| Long-term investments | $40.6M | $0 | $0 |
| Land use right, net | $0 | $6.2M | |
| Property and equipment, net | $879.2K | $2.0M | |
| Right-of-use assets | $61.9K | $122.8K | |
| Total non-current assets | $41.5M | $36.9M | |
| Total Assets | $107.3M | $98.4M | |
| Accounts payable | $145.4K | $535.2K | |
| Convertible notes | $3.4M | $0 | |
| Due to related parties | $0 | $611.3K | |
| Remaining acquisition consideration payable | $715.3K | $0 | |
| Taxes payable | $2.7K | $108 | |
| Accrued expenses and other current liabilities | $434.9K | $303.4K | |
| Total current liabilities | $4.7M | $1.5M | |
| Due to related parties | $611.3K | $0 | |
| Total non-current liability | $611.3K | $0 | |
| Total liabilities | $5.3M | $1.5M | |
| Additional paid-in capital | $8.9M | $8.9M | |
| Statutory reserves | $11.4K | $15.0K | |
| Accumulated deficits | -$27.9M | -$16.7M | |
| Accumulated other comprehensive loss | -$7.7M | -$3.9M | |
| Total shareholders' equity | $102.0M | $96.9M | $103.6M |
| Total Liabilities and Shareholders' Equity | $107.3M | $98.4M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net loss | -$11.1M | -$14.0M | -$5.6M |
| (Reversal of) allowance for accounts receivable | -$7.5M | $7.0M | $179.6K |
| (Reversal of) allowance for advances to suppliers | -$1.9M | $1.8M | -$207.7K |
| Allowance for other receivable | $18.2M | $0 | $0 |
| Allowance (reversal of allowance) for prepaid expenses and other current assets | $83.6K | $32.2K | -$3.6K |
| (Reversal of) allowance for inventories | -$297.9K | $107.0K | $195.4K |
| Depreciation expense | $484.0K | $1.4M | $1.6M |
| Loss on disposal of property and equipment | $0 | $0 | $536 |
| Amortization of operating lease right-of-use assets | $58.4K | $78.7K | $114.5K |
| Amortization of intangible assets and land use right | $133.2K | $211.4K | $207.3K |
| Depreciation of biological assets | $621.1K | $932.8K | $873.4K |
| (Gain) loss on disposal of subsidiaries | -$815.7K | $1.3M | $0 |
| Share of net loss from equity investee | $308.7K | $0 | $0 |
| Deferred income taxes | $0 | -$9.0K | -$961.5K |
| Amortization of deferred revenue | $0 | -$81.9K | -$97.4K |
| Amortization of debts issuance costs | $540.5K | $0 | $277.5K |
| Issuance of ordinary shares for commitment fee | $201.3K | $0 | $0 |
| Issuance of ordinary shares for services | $0 | $0 | $1.1M |
| Interest expenses | $168.2K | $233.9K | $0 |
| Accounts receivable, net | -$7.5M | $10.9M | -$11.3M |
| Inventories, net | -$56.4K | -$1.6M | -$2.2M |
| Advances to suppliers, net | $6.5M | -$5.3M | -$21.8M |
| Prepaid expenses and other current assets | -$85.0K | -$65.1K | -$295.2K |
| Accounts payable | -$32.4K | -$4.0M | $5.4M |
| Operating lease liabilities | $0 | -$32.0K | -$16.1K |
| Taxes payable | $2.7K | $164.3K | -$508.3K |
| Accrued expenses and other current liabilities | $64.0K | -$1.3M | $2.8M |
| Net cash used in operating activities | -$2.0M | -$2.4M | -$30.2M |
| Purchase of investment | -$5.7M | $0 | $0 |
| Proceeds from disposal of subsidiaries, net of cash | -$4.5K | $1.6M | $0 |
| Loan to a third party | -$6.0M | $0 | $0 |
| Repayment from loan to a third party | $1.2M | $0 | $0 |
| Purchase of treasury shares | $0 | -$430 | $0 |
| Other receivables | $0 | $0 | -$769.9K |
| Purchase of property, plant and equipment | $0 | $0 | -$683.4K |
| Acquisition of a subsidiary, net of cash | $0 | $0 | $613 |
| Net cash (used in) provided by investing activities | -$10.4M | $1.6M | -$1.5M |
| Proceeds from issuance of ordinary shares | $6.0M | $0 | $0 |
| Proceeds from convertible notes | $5.9M | $0 | $3.0M |
| Proceeds from issuance of ordinary shares for warrants exercised | $523.2K | $145.3K | $0 |
| Proceeds from issuance of shares and warrants | $0 | $0 | $8.9M |
| Repayment of related parties loans | $0 | -$2.1K | $0 |
| Proceeds from related parties loans | $0 | $807.4K | $266.7K |
| Repayment of loans | $0 | -$24.8K | -$4.6M |
| Proceeds from loans | $0 | $0 | $5.8M |
| Net cash provided by financing activities | $12.4M | $925.8K | $13.4M |
| Effect of exchange rate changes on cash | $758 | -$1.9K | $333.7K |
| Net increase (decrease) in cash | $73.4K | $121.8K | -$17.9M |
| Cash paid for income tax | $335 | $59 | $28.8K |
| Cash paid for interest | $0 | $36.7K | $241.5K |
| Issuance of shares for acquisition | $10.0M | $0 | $18.4M |
| Issuance of ordinary shares for convertible notes redemption | $3.2M | $2.4M | $1.2M |
| Issuance of ordinary shares for services | $1.1M | ||
| Lease liabilities arising from obtaining right-of-use assets | $0 | $0 | $1.2K |
Former names
- CN ENERGY GROUP, INC.Sep 30, 2019 to Nov 25, 20203
Recent filings
- Oct 13, 2026RW
- Oct 7, 20263
- Sep 18, 20266-K
- Sep 10, 202620-F/A
- Aug 19, 20266-K
- Jul 21, 20266-K
- Jun 17, 20266-K
- May 22, 2026SCHEDULE 13G/A
- May 22, 20266-K
- May 20, 20263
- May 20, 20263
- May 20, 20263
- May 20, 20263
- May 20, 20263
- May 20, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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