Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 208

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 208
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 |
| Less: allowance for doubtful accounts |     |      |    (7,732,717 | ) |     |      |      (496,299 | ) |
| Accounts receivable, net              |     | $    |    11,790,391 |   |     | $    |    29,012,866 |   |

The Company’s accounts receivable primarily include balances due from customers when the Company’s activated carbon products and biomass electricity are sold and delivered to customers.

The movement of allowance for doubtful accounts was as follows:

|                                 |     | 2024 | September 30, |     | 2023 | September 30, |   |
|:--------------------------------|:----|:-----|--------------:|:----|:-----|--------------:|:--|
| Balance as of beginning of year |     | $    |       496,299 |     | $    |       330,990 |   |
| Addition                        |     |      |     7,029,706 |     |      |       179,562 |   |
| Translation adjustments         |     |      |       206,712 |     |      |       (14,253 | ) |
| Balance as of end of year       |     | $    |     7,732,717 |     | $    |       496,299 |   |

Note 4 - Inventories, net

Inventories consisted of the following:

|                                 |     | 2024 | September 30, |   |     | 2023 | September 30, |   |
|:--------------------------------|:----|:-----|--------------:|:--|:----|:-----|--------------:|:--|
| Raw materials                   |     | $    |     3,635,548 |   |     | $    |     1,619,534 |   |
| Finished goods                  |     |      |             - |   |     |      |     1,224,555 |   |
| Sub-total                       |     |      |     3,635,548 |   |     |      |     2,844,089 |   |
| Less: allowance for inventories |     |      |      (306,204 | ) |     |      |      (188,856 | ) |
| Inventories, net                |     | $    |     3,329,344 |   |