Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 186

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 186
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     |               |  (8,771,028 | ) |
| Total shareholders' equity                                                                                                                                                         |     |               |  96,912,417 |   |     |               | 103,562,234 |   |
| Total Liabilities and Shareholders' Equity                                                                                                                                         |     | $             |  98,362,506 |   |     | $             | 126,195,222 |   |

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

| F-3 |

CN ENERGY GROUP. INC.

CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

|                                           |     | For the Years Ended September 30, |        2024 |   |     |   |        2023 |   |     |   |        2022 |   |
|:------------------------------------------|:----|:----------------------------------|------------:|:--|:----|:--|------------:|:--|:----|:--|------------:|:--|
| Revenues                                  |     | $                                 |  50,957,974 |   |     | $ |  57,899,096 |   |     | $ |  40,205,586 |   |
| Cost of revenues                          |     |                                   | (51,139,085 | ) |     |   | (57,110,446 | ) |     |   | (36,563,945 | ) |
| Gross (loss) profit                       |     |                                   |    (181,111 | ) |     |   |     788,650 |   |     |   |   3,641,641 |   |
| Operating expenses:                       |     |                                   |             |   |     |   |             |   |     |   |             |   |
| Allowance for receivables and inventories |     |                                   |  (8,976,860 | ) |     |   |    (195,355 | ) |     |   |           - |   |
| Selling expenses                          |     |                                   |           - |   |     |   |     (53,008 | ) |     |   |     (89,312 | ) |
| General and administrative expenses       |     |                                   |  (3,195,488 | ) |     |   |  (5,730,147 | ) |     |