CN Energy Group
Wood-based activated-carbon manufacturer with North American robotics and Canadian crude-oil logistics operations.
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Profile
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
Key statistics
Year to date −6.0% · Average volume (30d) 159.9K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 12 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $22.7M | $35.2M | $31.3M | $19.7M | $16.4M | $19.2M | |
| Gross profit | $798.8K | −$205.5K | $65.4K | −$353.5K | $479.2K | −$7.7M | |
| Operating income | −$4.4M | −$1.8M | −$2.7M | −$9.8M | −$1.1M | −$9.0M | |
| Net income | −$4.2M | −$1.5M | −$3.0M | −$11.1M | $6.9M | −$18.1M | |
| Diluted EPS | −$35.00 | −$18.94 | −$41.00 | −$55.48 | $9.58 | −$3.21 | |
| Gross margin | 3.5% | -0.6% | 0.2% | -1.8% | 2.9% | -39.9% | |
| Operating margin | -19.2% | -5.2% | -8.7% | -49.6% | -6.7% | -46.9% |
Revenue by product · FY25
Balance sheet, Sep 30, 2025Cash & short-term investments $390.7K · Total debt $3.4M · Total assets $107.3M · Shareholders' equity $102.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 3.01M · Float 3.01M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Yefang Zhang | 635.4K | 100.00% | 13D | Nov 25, 2025 |
| Renaissance Technologies LLC | 74.4K | 2.47% | 13F | May 14, 2026 |
| XTX Topco Ltd | 27.7K | 0.92% | 13F | May 15, 2026 |
| Virtu Financial LLC | 26.8K | 0.89% | 13F | May 14, 2026 |
| Citadel Advisors LLC | 23.9K | 0.79% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.



