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CNEY · NASDAQ · Chemicals - Specialty

CN Energy Group (CNEY)

Wood-based activated-carbon manufacturer with North American robotics and Canadian crude-oil logistics operations.

$0.5701
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CN Energy Group. Inc.CNEY
Materials

Produces and sells wood-based activated carbon in China while adding North American robotics and Canadian crude-oil logistics. The listed security is a BVI holding company, and activated carbon supplied all reported product revenue through the latest fiscal year.

Manufactures and sells wood-based activated carbon in China, in powdered and granular forms for industrial manufacturing, water purification, environmental protection, pharmaceutical manufacturing, and food-and-beverage production. Lishui operating entities execute refining, mixing, crushing, quality control, packaging, and distribution of material sourced as raw carbon and semi-finished activated carbon. Steam activation uses forestry residues, small fuelwood, and wood waste, while carbonization synthesis gas generates biomass electricity.

Post-year-end operations also include Pathenbot's robotics products, automation tools, software, and technical services for North American logistics, industrial, and service businesses, alongside Blessing Logistics' Canadian crude-oil trading, logistics, and related services.

Activated-carbon sales remained the sole reported product revenue through the latest fiscal year. Sales use separate order-level agreements and depend on continued access to raw carbon and semi-finished material; the listed security represents a BVI holding company rather than the Chinese operating entities.

Company facts

CEOWenhua Liu
ListedFeb 5, 2021
ExchangeNASDAQ
HeadquartersLishui, China
CountryChina
Employees25
CIK0001780785
ISINVGG2181K2048

Market cap$1.7M
EPS (ttm)−$10.24
P/E (ttm)−0.0567
ROE-84.5%
P/B0.0300
P/S0.0473
Dividend yieldDiv yield
Beta0.29vs XLB −1.08

No analyst consensus on record.

Not reported.

Debt to equity13.80%
Current ratio277.20%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$26.6M$22.7M$35.2M$31.3M$19.7M$16.4M$19.2M$17.7M
Net income$1.2M−$4.2M−$1.5M−$3.0M−$11.1M$6.9M−$18.1M−$49.5M
Net margin4.6%0.0%0.0%0.0%0.0%42.3%0.0%0.0%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income$848.4K−$4.4M−$1.8M−$2.7M−$9.8M−$1.1M−$9.0M−$48.1M
YoY growth+111.4%Loss widenedTurned lossLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss widened

Balance sheet, Mar 31, 2026Cash & short-term investments $5.7M · Total debt $8.0M · Total assets $67.8M · Shareholders' equity $58.1M

Revenue
$17.7M
Operating income
−$48.1M
Net income
−$49.5M
View details

No dividends on record.

Institutions2.33%70.1K ADS
3 holders · as of Jun 30, 2026
Other97.67%2.94M ADS
remainder

3.01M ADS as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Sep 2022 annual report; nothing newer is on file here.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
XTX Topco LtdInstitution
1.33%39,910 A ADSas of Jun 30, 2026
HRT Financial LPInstitution
0.60%17,974 A ADSas of Jun 30, 2026
UBS Group AGInstitution
0.41%12,253 A ADSas of Jun 30, 2026
Jinwu Huang1Insiderofficer: Chief Financial Officer
filed May 20, 2026
Kaiyu LiuInsider
5.20% of class, as filedfiled Jan 26, 2022
  1. This position is filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.