- CN Energy Group. Inc. reported a significant increase in net income to **$6,928,242** for the six months ended March 31, 2025, compared to a net loss of **($2,955,367)** for the same period in 2024, with basic earnings per share improving to **$13.58** from **($1.64)**.  **[1780785_0001477932-25-007136_cney_ex991.htm:1]** 
- Revenues for the six months ended March 31, 2025, decreased by **47.7%** to **$16.4 million**, primarily due to a decrease in activated carbon sales volume, while gross profit increased by **632.9%** to **$479,230**, with the gross profit margin improving to **2.9%**.  **[1780785_0001477932-25-007136_cney_ex992.htm:1]** 
- The company completed the acquisition of **45%** of Ynong ordinary shares on April 30, 2025, for a total consideration of **$40,913,370**, which included the issuance of **50,000,000 Class A ordinary shares** and the assignment of **$24,548,022** in accounts receivables.  **[1780785_0001477932-25-007136_cney_ex991.htm:5]** **[1780785_0001477932-25-007136_cney_ex991.htm:18]** **[1780785_0001477932-25-007136_cney_ex991.htm:19]** 
- A **1-for-25 reverse stock split** of Class A ordinary shares became effective on **May 19, 2025**, aimed at increasing the market price per share to regain compliance with Nasdaq listing requirements.  **[1780785_0001477932-25-007136_cney_ex991.htm:25]** 
- CN Energy secured new financing, including an initial **$3,230,000** pre-paid purchase from Streeterville Capital, LLC on April 8, 2025, and the issuance of **1,977,302 Class A ordinary shares** for **$4,547,800** to investors on August 1, 2025.  **[1780785_0001477932-25-007136_cney_ex991.htm:25]**

CN ENERGY GROUP. (CNEY)