Research analysts covering CN ENERGY GROUP..
Recent press releases and 8-K filings for CNEY.
CN Energy Group. Inc. Reports Swing to Net Income, Completes Acquisition, and Implements Reverse Stock Split
CNEY
Earnings
M&A
Delisting/Listing Issues
- 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).
- 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%.
- 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.
- 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.
- 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.
Sep 29, 2025, 6:28 PM
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