Cn Energy Group. Inc.CNEY
What Cn Energy Group. Inc. does.
The operating entities manufacture and supply wood-based activated carbon that is primarily used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production (“Activated Carbon Production”). The operating entities’ current facility is located in Lishui City, Zhejiang Province. The operating entities generate revenue primarily from selling activated carbon. The operating entities will focus on the deep processing and activation of activated carbon.
As a manufacturer of wood-based activated carbon, the operating entities’ primary raw materials are raw carbon materials, which the operating entities source from their suppliers.
The operating entities produce wood-based activated carbon that is conformed to their customers’ specifications. The operating entities’ activated carbon customers are mainly activated carbon wholesalers and companies engaged in the activated carbon deep processing business. The operating entities’ activated carbon customers are all based in the PRC and currently mainly located in Jiangsu Province, Zhejiang Province, Shanghai and Guangdong Province. The primary end users of the operating entities’ activated carbon are mainly food and beverage producers, industrial manufacturers, pharmaceutical manufacturers, and companies engaged in environmental protection.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $12.5M | $19.8M | $40.2M | $57.9M | $51.0M | $35.6M |
| Net income | $2.3M | $1.3M | $2.2M | -$5.6M | -$14.0M | -$11.1M |
| Free cash flow | -$1.8M | -$12.0M | -$10.0M | -$30.8M | -$2.4M | -$2.0M |
More on CNEY.
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Figures from Cn Energy Group. Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.