Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 69

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 69
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ptive capacity tests, and other technical support. We expect to continue to provide similar technical services to Lianmu Technology and our other customers if requested.

The biomass electricity generated during the process of producing activated carbon is supplied to State Grid Heilongjiang, a subsidiary of State Grid Corporation of China in Heilongjiang Province.

Our revenue is primarily generated through sales of activated carbon. For the six months ended March 31, 2021 and 2020, we sold 6,206 and 2,967 tons of activated carbon and 1,115,760 and 1,039,480 kWh of biomass electricity, respectively. For the same periods, we had total revenue of $7,723,067 and $3,943,459, and net income of $730,568 and $522,827, respectively. The revenue derived from Activated Carbon Production accounted for 98.43% and 97.13% of our total revenue for the six months ended March 31, 2021 and 2020, respectively. The revenue derived from Biomass Electricity Production accounted for 0.73% and 1.24% of our total revenue for the six months ended March 31, 2021 and 2020, respectively. The revenue derived from technical services provided to Lianmu Technology accounted for 0.84% and 1.63% of our total revenue for the six months ended March 31, 2021 and 2020, respectively.

For the fiscal years ended September 30, 2020 and 2019, we sold 9,525 and 8,584 tons of activated carbon and 2,641,964 and 3,044,574 kWh of biomass electricity, respectively. For the same years, we had total revenue of $12,476,314 and $10,893,164, and net income of $2,344,770 and $1,667,812, respectively. The revenue derived from Activated Carbon Production accounted for 96.99% and 96.31% of our total revenue for the fiscal years ended September 30, 2020 and 2019, respectively. The revenue derived from Biomass Electricity Production accounted for 2.05% and 1.80% of our total revenue for the fiscal years ended September 30, 2020 and 2019, respectively. The revenue derived from technical services accounted for 0.96% and 1.89% of our