NASDAQ : CNEY
CN Energy Group. Inc. — Financial statements
Materials · Specialty Chemicals · China
Last price 0.4456 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 5.46M
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Financial statements
CN Energy Group. Inc. (CNEY) reported revenue of 36.92M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 36.92M | 35.57M | 50.96M | 57.90M | 40.21M | 19.85M |
| Cost of Revenue | 36.51M | 34.93M | 51.14M | 57.11M | 36.56M | 17.23M |
| Gross Profit | 408.97K | 647.57K | -181.11K | 788.65K | 3.64M | 2.62M |
| Selling, General & Admin | 1.97M | 2.72M | 3.20M | 5.78M | 2.15M | 1.65M |
| Research & Development | -823.00 | 1.28K | 135.15K | 988.56K | 1.03M | 385.52K |
| Operating Expenses | 51.53M | 11.62M | 12.31M | 6.97M | 3.18M | 2.03M |
| Operating Income | -51.12M | -10.98M | -12.49M | -6.18M | 459.83K | 583.38K |
| Interest Expense | -1.35M | -708.71K | -335.96K | -712.49K | -157.22K | |
| Interest & Investment Income | 2.57K | 388.00 | 489.00 | 702.87K | 191.23K | |
| Earnings From Equity Investments | -919.02K | -308.68K | ||||
| Other Non Operating Income (Expenses) | 64.00 | 32.96K | -17.21K | 945.19K | 1.41M | 848.66K |
| EBT Excluding Unusual Items | -53.39M | -11.96M | -12.84M | -5.95M | 2.41M | 1.62M |
| Gain (Loss) on Sale of Assets | -8.84K | 815.67K | -1.29M | |||
| Other Unusual Items | 81.90K | 97.37K | 132.21K | 110.44K | ||
| Pretax Income | -67.61M | -11.14M | -14.05M | -5.85M | 2.54M | 1.73M |
| Income Tax Expense | 44.00 | 378.00 | -8.93K | -222.12K | 314.27K | 437.35K |
| Net Income | -67.61M | -11.14M | -14.04M | -5.63M | 2.23M | 1.30M |
| Preferred Dividends & Other Adjustments | 975.00K | |||||
| Net Income to Common | -67.61M | -11.14M | -14.04M | -5.63M | 2.23M | 321.36K |
| Shares Outstanding (Basic) | 3.79M | 519.26K | 135.96K | 72.12K | 28.88K | 20.26K |
| Shares Outstanding (Diluted) | 3.79M | 519.26K | 135.96K | 72.12K | 28.88K | 20.26K |
| EPS (Basic) | -17.86 | -21.46 | -103.27 | -78.01 | 77.21 | 15.86 |
| EPS (Diluted) | -17.86 | -21.46 | -103.27 | -78.01 | 77.21 | 15.86 |
| Free Cash Flow | -1.75M | -1.97M | -2.37M | -30.85M | -11.43M | -15.78M |
| Free Cash Flow Per Share | -0.46 | -3.80 | -17.44 | -427.75 | -395.77 | -778.78 |
| Gross Margin | 1.11% | 1.82% | -0.36% | 1.36% | 9.06% | 13.18% |
| Operating Margin | -138.48% | -30.85% | -24.51% | -10.67% | 1.14% | 2.94% |
| Profit Margin | -183.15% | -31.32% | -27.55% | -9.72% | 5.55% | 1.62% |
| Free Cash Flow Margin | -4.74% | -5.54% | -4.65% | -53.28% | -28.43% | -79.51% |
| EBITDA | -50.46M | -9.74M | -9.95M | -3.53M | 1.89M | 1.76M |
| EBITDA Margin | -136.68% | -27.37% | -19.54% | -6.10% | 4.71% | 8.86% |
| D&A For EBITDA | 665.13K | 1.24M | 2.53M | 2.65M | 1.43M | 1.17M |
| EBIT | -51.12M | -10.98M | -12.49M | -6.18M | 459.83K | 583.38K |
| EBIT Margin | -138.48% | -30.85% | -24.51% | -10.67% | 1.14% | 2.94% |
| Effective Tax Rate | 12.35% | 25.23% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 130.47K | 390.71K | 317.32K | 195.50K | 18.05M | 190.76K |
| Short-Term Investments | 3.10M | |||||
| Cash & Short-Term Investments | 130.47K | 390.71K | 317.32K | 195.50K | 18.05M | 3.29M |
| Accounts Receivable | 4.03M | 1.65M | 11.79M | 29.01M | 18.76M | 12.38M |
| Other Receivables | 33.15M | 18.71M | 116.25K | 21.15M | ||
| Receivables | 8.65M | 39.55M | 30.50M | 29.01M | 18.88M | 33.53M |
| Inventory | 9.98M | 25.09M | 29.82M | 41.70M | 19.05M | 11.92M |
| Prepaid Expenses | 796.59K | 739.32K | 863.69K | 1.54M | 18.24M | 155.02K |
| Total Current Assets | 25.09M | 65.77M | 61.50M | 72.45M | 74.22M | 48.89M |
| Property, Plant & Equipment | 696.98K | 941.13K | 30.66M | 42.39M | 14.85M | 14.38M |
| Long-Term Investments | 39.99M | 40.60M | ||||
| Other Intangible Assets | 2.00M | 6.21M | 6.66M | 523.09K | 643.01K | |
| Long-Term Deferred Tax Assets | 29.21K | |||||
| Other Long-Term Assets | 4.70M | 5.35M | 5.02M | |||
| Total Assets | 67.78M | 107.31M | 98.36M | 126.20M | 94.94M | 68.96M |
| Accounts Payable | 236.83K | 145.44K | 535.22K | 12.57M | 7.49M | 1.78M |
| Accrued Expenses | 717.06K | 434.93K | 303.43K | 1.16M | 524.20K | 444.45K |
| Short-Term Debt | 8.00M | 3.43M | 6.67M | 3.71M | 2.67M | |
| Current Portion of Long-Term Debt | 548.25K | 20.01K | 264.39K | |||
| Current Portion of Leases | 31.60K | 32.90K | 36.72K | |||
| Current Income Taxes Payable | 2.82K | 2.72K | 108.00 | 83.19K | 589.32K | 243.41K |
| Current Unearned Revenue | 80.87K | 96.54K | 111.30K | |||
| Other Current Liabilities | 90.62K | 715.35K | 611.33K | 1.30M | 18.00M | 101.18K |
| Total Current Liabilities | 9.05M | 4.73M | 1.45M | 22.44M | 30.46M | 5.64M |
| Long-Term Debt | 34.27K | 421.73K | 22.03K | |||
| Long-Term Leases | 15.48K | 32.35K | ||||
| Long-Term Unearned Revenue | 121.30K | 207.35K | 489.44K | |||
| Long-Term Deferred Tax Liabilities | 34.15K | 53.44K | 97.25K | |||
| Other Long-Term Liabilities | 611.33K | 611.33K | ||||
| Total Liabilities | 9.66M | 5.34M | 1.45M | 22.63M | 31.16M | 6.28M |
| Common Stock | 133.66M | 128.65M | 108.72M | 106.15M | 58.51M | 52.98M |
| Additional Paid-In Capital | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M |
| Retained Earnings | -77.41M | -27.87M | -16.73M | -2.69M | 2.94M | 710.36K |
| Comprehensive Income & Other | -6.99M | -7.67M | -3.94M | -8.77M | -6.53M | 122.56K |
| Total Common Equity | 58.12M | 101.97M | 96.91M | 103.56M | 63.78M | 62.68M |
| Shareholders' Equity | 58.12M | 101.97M | 96.91M | 103.56M | 63.78M | 62.68M |
| Total Liabilities & Equity | 67.78M | 107.31M | 98.36M | 126.20M | 94.94M | 68.96M |
| Total Debt | 8.00M | 3.43M | 7.29M | 4.20M | 3.02M | |
| Net Cash (Debt) | -7.87M | -3.04M | 317.32K | -7.09M | 13.85M | 266.23K |
| Net Cash Per Share | -2.08 | -5.86 | 2.33 | -98.35 | 479.41 | 13.14 |
| Filing Date Shares Outstanding | 12.26M | 5.62M | 487.39K | 105.30K | 56.56K | 27.09K |
| Total Common Shares Outstanding | 12.26M | 5.62M | 276.52K | 95.46K | 30.78K | 27.09K |
| Working Capital | 16.04M | 61.04M | 60.05M | 50.01M | 43.76M | 43.24M |
| Book Value Per Share | 4.74 | 18.13 | 350.47 | 1,084.86 | 2,072.33 | 2,313.56 |
| Tangible Book Value | 56.12M | 101.97M | 90.71M | 96.91M | 63.26M | 62.04M |
| Tangible Book Value Per Share | 4.58 | 18.13 | 328.03 | 1,015.13 | 2,055.34 | 2,289.82 |
| Machinery | 2.42M | 2.35M | 2.38M | 9.80M | 9.55M | 8.04M |
| Construction In Progress | 5.16M | 5.29M | 5.25M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -67.61M | -11.14M | -14.04M | -5.63M | 2.23M | 1.30M |
| Depreciation & Amortization | 698.00K | 1.30M | 2.61M | 2.76M | 1.54M | 1.23M |
| Other Amortization | 611.51K | 540.53K | 277.50K | |||
| Loss (Gain) From Sale of Assets | 8.84K | -815.67K | 1.29M | 536.00 | 42.00 | 68.16K |
| Loss (Gain) on Equity Investments | 919.02K | 308.68K | ||||
| Stock-Based Compensation | 1.10M | |||||
| Provision & Write-off of Bad Debts | 18.18M | 10.68M | 7.03M | 179.56K | 497.40K | 39.95K |
| Other Operating Activities | 46.73M | -1.71M | 2.09M | -1.07M | -270.57K | -26.55K |
| Change in Accounts Receivable | -2.33M | -7.49M | 10.86M | -11.27M | -8.50M | -3.16M |
| Change in Inventory | 1.51M | 6.41M | -6.94M | -23.91M | -9.04M | -7.30M |
| Change in Accounts Payable | -244.08K | -32.39K | -4.02M | 5.45M | 6.36M | -3.28M |
| Change in Income Taxes | 228.00 | 2.71K | 164.26K | -508.29K | 398.56K | -13.63K |
| Change in Other Net Operating Assets | -232.10K | -20.94K | -1.41M | 2.46M | -723.02K | -442.20K |
| Operating Cash Flow | -1.75M | -1.97M | -2.37M | -30.16M | -7.51M | -11.59M |
| Capital Expenditures | -683.39K | -3.92M | -4.19M | |||
| Sale of Property, Plant & Equipment | 77.53K | |||||
| Cash Acquisitions | 613.00 | -17.75M | ||||
| Divestitures | -487.00 | -4.47K | 1.57M | |||
| Investment in Securities | -5.65M | -5.65M | 3.04M | -3.07M | ||
| Other Investing Activities | -624.72K | -769.88K | 20.79M | -20.74M | ||
| Investing Cash Flow | -8.60M | -10.40M | 1.57M | -1.45M | 2.17M | -27.92M |
| Short-Term Debt Issued | 5.92M | 807.44K | 3.27M | 414.81K | 534.23K | |
| Long-Term Debt Issued | 5.80M | 5.92M | 1.52M | |||
| Total Debt Issued | 9.78M | 5.92M | 807.44K | 9.07M | 6.33M | 2.05M |
| Short-Term Debt Repaid | -2.08K | -2.00M | ||||
| Long-Term Debt Repaid | -24.82K | -4.58M | -2.92M | -2.65M | ||
| Total Debt Repaid | -26.90K | -4.58M | -4.92M | -2.65M | ||
| Net Debt Issued (Repaid) | 9.78M | 5.92M | 780.54K | 4.49M | 1.41M | -599.30K |
| Issuance of Common Stock | 6.00M | 6.52M | 145.29K | 8.95M | 23.53M | 41.00M |
| Repurchase of Common Stock | -430.00 | |||||
| Other Financing Activities | -2.38M | |||||
| Financing Cash Flow | 15.78M | 12.45M | 925.40K | 13.43M | 24.94M | 38.02M |
| Foreign Exchange Rate Adjustments | 3.10K | 758.00 | -1.92K | 333.71K | -1.74M | 112.21K |
| Net Cash Flow | 5.43M | 73.38K | 121.82K | -17.85M | 17.86M | -1.38M |
| Free Cash Flow | -1.75M | -1.97M | -2.37M | -30.85M | -11.43M | -15.78M |
| Free Cash Flow Margin | -4.74% | -5.54% | -4.65% | -53.28% | -28.43% | -79.51% |
| Free Cash Flow Per Share | -0.46 | -3.80 | -17.44 | -427.75 | -395.77 | -778.78 |
| Levered Free Cash Flow | -11.54M | -9.81M | -8.07M | -28.44M | 11.26M | -38.22M |
| Unlevered Free Cash Flow | -11.31M | -9.91M | -7.86M | -28.28M | 11.36M | -38.22M |
| Cash Interest Paid | 36.73K | 241.48K | 45.22K | 58.70K | ||
| Cash Income Tax Paid | 1.00 | 335.00 | 59.00 | 28.76K | 71.85K | 387.60K |
| Change in Working Capital | -1.29M | -1.13M | -1.35M | -27.78M | -11.51M | -14.20M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.64M | 13.44M | 2.67M | 7.11M | 48.71M | 122.71M |
| Enterprise Value | 13.51M | 13.65M | 9.00M | 14.57M | 45.99M | 108.73M |
| Last Close Price | 0.45 | 2.39 | 21.00 | 89.63 | 1,582.50 | 4,545.00 |
| PE Ratio | 21.84 | 381.85 | ||||
| Forward PE | 1.04 | 1.04 | 1.42 | |||
| PS Ratio | 0.15 | 0.38 | 0.05 | 0.12 | 1.21 | 6.18 |
| PB Ratio | 0.09 | 0.13 | 0.03 | 0.07 | 0.76 | 1.96 |
| P/TBV Ratio | 0.10 | 0.13 | 0.03 | 0.07 | 0.77 | 1.98 |
| EV/Sales Ratio | 0.36 | 0.38 | 0.18 | 0.25 | 1.14 | 5.48 |
| EV/EBITDA Ratio | 24.32 | 61.87 | ||||
| EV/EBIT Ratio | 100.02 | 186.38 | ||||
| Debt / Equity Ratio | 0.14 | 0.03 | 0.07 | 0.07 | 0.05 | |
| Debt / EBITDA Ratio | 2.21 | 1.71 | ||||
| Net Debt / Equity Ratio | 0.14 | 0.03 | -0.00 | 0.07 | -0.22 | -0.00 |
| Net Debt / EBITDA Ratio | -0.16 | -0.31 | 0.03 | -2.01 | -7.32 | -0.15 |
| Net Debt / FCF Ratio | -4.50 | -1.54 | 0.13 | -0.23 | 1.21 | 0.02 |
| Asset Turnover | 0.43 | 0.35 | 0.45 | 0.52 | 0.49 | 0.40 |
| Inventory Turnover | 2.23 | 1.27 | 1.43 | 1.88 | 2.36 | 2.12 |
| Quick Ratio | 0.46 | 7.44 | 21.25 | 1.30 | 1.21 | 6.52 |
| Current Ratio | 2.77 | 13.90 | 42.41 | 3.23 | 2.44 | 8.66 |
| Return on Equity (ROE) | -84.27% | -11.20% | -14.01% | -6.72% | 3.53% | 3.02% |
| Return on Assets (ROA) | -37.17% | -6.67% | -6.95% | -3.49% | 0.35% | 0.73% |
| Return on Invested Capital (ROIC) | -77.47% | -10.89% | -12.05% | -7.70% | 0.72% | 1.02% |
| Return on Capital Employed (ROCE) | -87.00% | -10.70% | -12.90% | -6.00% | 0.70% | 0.90% |
| Earnings Yield | -3,883.04% | -82.91% | -525.93% | -79.14% | 4.58% | 1.06% |
| FCF Yield | -32.06% | -14.67% | -88.82% | -433.96% | -23.47% | -12.86% |
| Buyback Yield / Dilution | -966.19% | -281.92% | -88.52% | -149.72% | -42.53% | -51.98% |