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Stocks · Materials · Industrial Organic Chemicals

CN ENERGY GROUP. INC.

CNEY Clue Score45
China Fiscal year ends September CIK 0001780785
$0.48 -3.35% Close, 13 Oct 2026
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Price $0.48 −92.46% Close, 13 Oct 2026

Closing prices at the end of each trading day, from 5 Feb 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue10.9Operating income1.2Net income1.7EPS, diluted0.17Fiscal year 2020Revenue12.5 +14.5%Operating income2.0Net income2.3 +40.6%EPS, diluted0.23Fiscal year 2021Revenue19.8 +59.1%Operating income0.6Net income1.3 −44.7%EPS, diluted2.56Fiscal year 2022Revenue40.2 +102.6%Operating income0.5Net income2.2 +72.0%EPS, diluted3.09Fiscal year 2023Revenue57.9 +44.0%Operating income−6.2Net income−5.6 −352.3%EPS, diluted−78.01Fiscal year 2024Revenue51.0 −12.0%Operating income−12.5Net income−14.0EPS, diluted−103.27Fiscal year 2025Revenue35.6 −30.2%Operating income−11.0Net income−11.1EPS, diluted−21.46
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 10.9 12.5 19.8 40.2 57.9 51.0 35.6
Growth +14.5% +59.1% +102.6% +44.0% −12.0% −30.2%
Operating income 1.2 2.0 0.6 0.5 −6.2 −12.5 −11.0
Net income 1.7 2.3 1.3 2.2 −5.6 −14.0 −11.1
Growth +40.6% −44.7% +72.0% −352.3%
EPS, diluted 0.17 0.23 2.56 3.09 −78.01 −103.27 −21.46

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin27.3%Operating margin10.9%Net margin15.3%Free cash flow margin−7.0%Fiscal year 2020Gross margin26.9%Operating margin16.1%Net margin18.8%Free cash flow margin−14.7%Fiscal year 2021Gross margin13.2%Operating margin2.9%Net margin6.5%Free cash flow margin−60.6%Fiscal year 2022Gross margin9.1%Operating margin1.1%Net margin5.5%Free cash flow margin−24.9%Fiscal year 2023Gross margin1.4%Operating margin−10.7%Net margin−9.7%Free cash flow margin−53.3%Fiscal year 2024Gross margin−0.4%Operating margin−24.5%Net margin−27.6%Free cash flow margin−4.7%Fiscal year 2025Gross margin1.8%Operating margin−30.9%Net margin−31.3%Free cash flow margin−5.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 27.3% 26.9% 13.2% 9.1% 1.4% −0.4% 1.8%
Operating margin 10.9% 16.1% 2.9% 1.1% −10.7% −24.5% −30.9%
Net margin 15.3% 18.8% 6.5% 5.5% −9.7% −27.6% −31.3%
Free cash flow margin −7.0% −14.7% −60.6% −24.9% −53.3% −4.7% −5.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow0.1Capital expenditure−0.9Free cash flow−0.8Fiscal year 2020Operating cash flow−1.8Capital expenditure−0.0Free cash flow−1.8Fiscal year 2021Operating cash flow−11.6Capital expenditure−0.4Free cash flow−12.0Fiscal year 2022Operating cash flow−7.5Capital expenditure−2.5Free cash flow−10.0Fiscal year 2023Operating cash flow−30.2Capital expenditure−0.7Free cash flow−30.8Fiscal year 2024Operating cash flow−2.4Capital expenditure0.0Free cash flow−2.4Fiscal year 2025Operating cash flow−2.0Capital expenditure0.0Free cash flow−2.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.1 −1.8 −11.6 −7.5 −30.2 −2.4 −2.0
Capital expenditure −0.9 −0.0 −0.4 −2.5 −0.7 0.0 0.0
Free cash flow −0.8 −1.8 −12.0 −10.0 −30.8 −2.4 −2.0
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2019Cash and securities1.6Shareholders’ equity18.0Fiscal year 2020Cash and securities1.6Total debt1.6Net cash (debt)−0.0Shareholders’ equity23.1Debt to equity0.07Fiscal year 2021Cash and securities0.2Total debt1.5Net cash (debt)−1.3Shareholders’ equity62.7Debt to equity0.02Fiscal year 2022Cash and securities18.0Total debt4.2Net cash (debt)13.9Shareholders’ equity63.8Debt to equity0.07Fiscal year 2023Cash and securities0.2Total debt5.2Net cash (debt)−5.0Shareholders’ equity103.6Debt to equity0.05Fiscal year 2024Cash and securities0.3Total debt0.0Net cash (debt)0.3Shareholders’ equity96.9Debt to equity0.00Fiscal year 2025Cash and securities0.4Shareholders’ equity102.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 1.6 1.6 0.2 18.0 0.2 0.3 0.4
Total debt n/a 1.6 1.5 4.2 5.2 0.0 n/a
Net cash (debt) n/a −0.0 −1.3 13.9 −5.0 0.3 n/a
Shareholders’ equity 18.0 23.1 62.7 63.8 103.6 96.9 102.0
Debt to equity n/a 0.07 0.02 0.07 0.05 0.00 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
27.3% 26.9% 13.2% 9.1% 1.4% −0.4% 1.8%
10.9% 16.1% 2.9% 1.1% −10.7% −24.5% −30.9%
16.3% 20.2% 8.7% 6.3% −10.1% −27.6% −31.3%
15.3% 18.8% 6.5% 5.5% −9.7% −27.6% −31.3%
−7.0% −14.7% −60.6% −24.9% −53.3% −4.7% −5.5%
Spending
5.5% 2.3% 1.9% 2.6% 1.7% 0.3% 0.0%
7.9% 7.4% 7.3% 5.1% 9.9% 6.3% 7.6%
8.1% 0.1% 2.2% 6.2% 1.2% 0.0% 0.0%
9.6% 6.8% −25.2% −12.4% n/a n/a n/a
Returns
9.3% 10.1% 2.1% 3.5% −5.4% −14.5% −10.9%
n/a 7.5% 1.9% 2.3% −4.5% −14.3% −10.4%
Balance and payout
n/a 0.07 0.02 0.07 0.05 0.00 n/a
n/a 26.5% 9.1% 32.8% 17.9% 1.5% 5.0%