Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 188

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 188
---
 Foreign currency translation gain                              |     |                         |         - |   |     |        |           - |   |     |                         |       - |   |     |        |         - |   |     |                    |         - |     |           |        - |   |     |                       |           - |   |     |                      |  4,826,918 |   |     |                     |   4,826,918 |   |
| Balance as of September 30, 2024                               |     |                         | 6,812,261 |   |     | $      | 104,486,710 |   |     |                         | 100,698 |   |     | $      | 4,231,055 |   |     | $                  | 8,865,199 |     | $         |   14,990 |   |     | $                     | (16,741,427 | ) |     | $                    | (3,944,110 | ) |     | $                   |  96,912,417 |   |

The accompanying notes are an integral part of these consolidated financial statements.

| F-5 |

CN ENERGY GROUP. INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

| Cash flows from operating activities:                                           |     | For the years ended September 30, 
 2024                              |             |   |     | 2023 |             |   |     | 2022 |             |   |
|:--------------------------------------------------------------------------------|:----|:----------------------------------|------------:|:--|:----|:-----|------------:|:--|:----|:-----|------------:|:--|
| Net (loss) income                                                               |     | $                                 | (14,040,769 | ) |     | $    |  (5,625,740 | ) |     | $    |   2,229,708 |   |
| Adjustments to reconcile net loss to net cash used in operating activities:     |     |                                   |             |   |     |      |             |   |     |      |             |   |
| Allowance for accounts receivable                                               |     |                                   |   7,029,706 |   |     |      |     179,562 |   |     |      |     497,397 |   |
| Allowance (reversal of allowance) for advances to suppliers                     |     |