0001780785--09-30Q220222022-03-31false00017807852021-10-012022-03-310001780785cney:ZhejiangNewMaterialMembercney:EquipmentPurchaseAgreementMember2021-11-102021-11-100001780785us-gaap:OverAllotmentOptionMember2021-02-102021-02-100001780785cney:CnEnergyDevelopmentMember2020-04-202020-04-200001780785us-gaap:CommonClassAMemberus-gaap:CommonStockMember2020-10-012021-03-310001780785us-gaap:PreferredStockMember2020-10-012021-03-310001780785cney:CnEnergyDevelopmentMember2020-04-202020-04-2000017807852020-04-152020-04-150001780785us-gaap:RetainedEarningsMember2022-03-310001780785us-gaap:AdditionalPaidInCapitalMember2022-03-310001780785us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310001780785cney:StatutoryReservesMember2022-03-310001780785us-gaap:RetainedEarningsMember2021-09-300001780785us-gaap:AdditionalPaidInCapitalMember2021-09-300001780785us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-300001780785cney:StatutoryReservesMember2021-09-300001780785us-gaap:RetainedEarningsMember2021-03-310001780785us-gaap:AdditionalPaidInCapitalMember2021-03-310001780785us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001780785cney:StatutoryReservesMember2021-03-310001780785us-gaap:RetainedEarningsMember2020-09-300001780785us-gaap:AdditionalPaidInCapitalMember2020-09-300001780785us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300001780785cney:StatutoryReservesMember2020-09-300001780785cney:StatutoryReservesMember2021-10-012022-03-310001780785cney:StatutoryReservesMember2020-10-012021-03-310001780785cney:IndustrialAndCommercialBankOfChinaMember2022-03-310001780785cney:BankOfBeijingMember2022-03-310001780785cney:IndustrialAndCommercialBankOfChinaMember2021-09-300001780785us-gaap:CommonClassBMemberus-gaap:CommonStockMember2022-03-310001780785us-gaap:CommonClassAMemberus-gaap:CommonStockMember2022-03-310001780785us-gaap:CommonClassBMemberus-gaap:CommonStockMember2021-09-300001780785us-gaap:CommonClassAMemberus-gaap:CommonStockMember2021-09-300001780785us-gaap:CommonClassBMemberus-gaap:CommonStockMember2021-03-310001780785us-gaap:CommonClassAMemberus-gaap:CommonStockMember2021-03-310001780785us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-09-300001780785us-gaap:CommonClassAMemberus-gaap:CommonStockMember2020-09-300001780785us-gaap:PreferredStockMember2020-09-300001780785us-gaap:PrivatePlacementMember2021-06-100001780785us-gaap:OverAllotmentOptionMember2021-02-100001780785us-gaap:IPOMember2021-02-0900017807852021-02-090001780785us-gaap:TechnologyServiceMember2021-10-012022-03-310001780785us-gaap:ElectricityMember2021-10-012022-03-310001780785cney:ActivatedCarbonMember2021-10-012022-03-310001780785us-gaap:TechnologyServiceMember2020-10-012021-03-310001780785us-gaap:ElectricityMember2020-10-012021-03-310001780785cney:ActivatedCarbonMember2020-10-012021-03-310001780785us-gaap:BankersAcceptanceMember2022-03-310001780785srt:MinimumMemberus-gaap:OfficeEquipmentMember2021-10-012022-03-310001780785srt:MaximumMemberus-gaap:OfficeEquipmentMember2021-10-012022-03-310001780785us-gaap:VehiclesMember2021-10-012022-03-310001780785us-gaap:MachineryAndEquipmentMember2021-10-012022-03-310001780785us-gaap:BuildingMember2021-10-012022-03-310001780785us-gaap:VehiclesMember2022-03-310001780785us-gaap:OfficeEquipmentMember2022-03-310001780785us-gaap:MachineryAndEquipmentMember2022-03-310001780785us-gaap:LandAndBuildingMember2022-03-310001780785us-gaap:VehiclesMember2021-09-300001780785us-gaap:OfficeEquipmentMember2021-09-300001780785us-gaap:MachineryAndEquipmentMember2021-09-300001780785us-gaap:LandAndBuildingMember2021-09-300001780785cney:IndustrialAndCommercialBankOfChinaMembercney:UnsecuredLoanAgreementsMember2021-10-012022-03-310001780785cney:IndustrialAndCommercialBankOfChinaMembercney:ShortTermLoanAgreementMember2021-10-012022-03-310001780785cney:BankOfBeijingMembercney:ShortTermLoanAgreementMember2021-10-012022-03-310001780785us-gaap:LineOfCreditMember2021-10-012022-03-310001780785cney:IndustrialAndCommercialBankOfChinaMembercney:ShortTermLoanAgreementMember2020-05-222020-05-220001780785us-gaap:SubsequentEventMemberus-gaap:PrivatePlacementMember2022-04-012022-04-300001780785us-gaap:IPOMember2021-02-092021-02-090001780785us-gaap:ConvertiblePreferredStockMember2020-04-150001780785us-gaap:ConvertiblePreferredStockMember2021-02-090001780785us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-10-012022-03-310001780785us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-10-012021-03-310001780785cney:ThirdPartyMember2022-02-152022-02-150001780785cney:ZhejiangForasenEnergyTechnologyCo.LtdMember2021-10-082021-10-080001780785cney:HangzhouForasenTechnologyCo.LtdMember2021-10-082021-10-080001780785cney:LeaseAgreementWithTaheForestryBureauMember2021-10-012022-03-310001780785cney:HangzhouForasenTechnologyCo.LtdMember2020-08-052020-08-050001780785us-gaap:RetainedEarningsMember2021-10-012022-03-310001780785cney:CnEnergyDevelopmentMembercney:NingboNadoutongTradingCoLtdMemberus-gaap:SubsequentEventMember2022-04-130001780785cney:HangzhouForasenMembercney:ZhoushanXinyueTradingCoLtdMemberus-gaap:SubsequentEventMember2022-04-080001780785cney:ZhoushanTradingMember2022-03-310001780785cney:ZhongxingEnergyMember2022-03-310001780785cney:ZhejiangNewMaterialMember2022-03-310001780785cney:ZhejiangCnEnergyMember2022-03-310001780785cney:NingboTradingMember2022-03-310001780785cney:ManzhouliCnTechnologyMember2022-03-310001780785cney:ManzhouliCnEnergyMember2022-03-310001780785cney:KhinganForasenMember2022-03-310001780785cney:HangzhouForasenMember2022-03-310001780785cney:EnergyHoldingsMember2022-03-310001780785cney:CnEnergyUsaMember2022-03-310001780785cney:CnEnergyDevelopmentMember2022-03-310001780785cney:ZhejiangCnEnergyMember2020-04-200001780785cney:ManzhouliCnEnergyMember2020-04-200001780785cney:CnEnergyDevelopmentMember2020-04-200001780785srt:MinimumMember2022-03-310001780785srt:MaximumMember2022-03-310001780785us-gaap:LineOfCreditMember2020-09-082020-09-080001780785us-gaap:SoftwareDevelopmentMember2021-10-012022-03-310001780785us-gaap:PatentsMember2021-10-012022-03-310001780785us-gaap:PatentsMemberus-gaap:OtherIntangibleAssetsMember2022-03-310001780785us-gaap:ComputerSoftwareIntangibleAssetMemberus-gaap:OtherIntangibleAssetsMember2022-03-310001780785us-gaap:PatentsMemberus-gaap:OtherIntangibleAssetsMember2021-09-300001780785us-gaap:ComputerSoftwareIntangibleAssetMemberus-gaap:OtherIntangibleAssetsMember2021-09-300001780785us-gaap:UseRightsMember2021-09-300001780785us-gaap:OtherIntangibleAssetsMember2021-09-300001780785cney:YefangZhangMember2022-03-310001780785cney:YefangZhangMember2021-09-300001780785cney:BankOfBeijingMembercney:ShortTermLoanAgreementMember2021-12-142021-12-140001780785cney:IndustrialAndCommercialBankOfChinaMembercney:ShortTermLoanAgreementMember2020-05-262020-05-260001780785cney:IndustrialAndCommercialBankOfChinaMembercney:UnsecuredLoanAgreementsMember2022-03-310001780785cney:IndustrialAndCommercialBankOfChinaMembercney:ShortTermLoanAgreementMember2022-03-310001780785cney:BankOfBeijingMembercney:ShortTermLoanAgreementMemberus-gaap:PrimeRateMember2021-12-142021-12-140001780785cney:IndustrialAndCommercialBankOfChinaMembercney:UnsecuredLoanAgreementsMemberus-gaap:PrimeRateMember2020-09-102020-09-100001780785us-gaap:LineOfCreditMemberus-gaap:PrimeRateMember2020-09-082020-09-080001780785cney:IndustrialAndCommercialBankOfChinaMembercney:ShortTermLoanAgreementMemberus-gaap:PrimeRateMember2020-05-222020-05-220001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierTwoMember2021-10-012022-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierThreeMember2021-10-012022-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierOneMember2021-10-012022-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierFourMember2021-10-012022-03-310001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierTwoMember2021-10-012022-03-310001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierOneMember2021-10-012022-03-310001780785cney:CustomerTwoMemberus-gaap:RevenueFromContractWithCustomerProductAndServiceBenchmarkMemberus-gaap:CustomerConcentrationRiskMember2021-10-012022-03-310001780785cney:CustomerTwoMemberus-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2021-10-012022-03-310001780785cney:CustomerOneMemberus-gaap:RevenueFromContractWithCustomerProductAndServiceBenchmarkMemberus-gaap:CustomerConcentrationRiskMember2021-10-012022-03-310001780785cney:CustomerOneMemberus-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2021-10-012022-03-310001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierTwoMember2020-10-012021-09-300001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierThreeMember2020-10-012021-09-300001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierOneMember2020-10-012021-09-300001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierFourMember2020-10-012021-09-300001780785cney:CustomerTwoMemberus-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2020-10-012021-09-300001780785cney:CustomerThreeMemberus-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2020-10-012021-09-300001780785cney:CustomerOneMemberus-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2020-10-012021-09-300001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierTwoMember2020-10-012021-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierThreeMember2020-10-012021-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierOneMember2020-10-012021-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMembercney:SupplierFourMember2020-10-012021-03-310001780785cney:CustomerTwoMemberus-gaap:RevenueFromContractWithCustomerProductAndServiceBenchmarkMemberus-gaap:CustomerConcentrationRiskMember2020-10-012021-03-310001780785cney:CustomerOneMemberus-gaap:RevenueFromContractWithCustomerProductAndServiceBenchmarkMemberus-gaap:CustomerConcentrationRiskMember2020-10-012021-03-310001780785us-gaap:SubsequentEventMemberus-gaap:PrivatePlacementMember2022-04-300001780785srt:MinimumMember2019-08-310001780785srt:MaximumMember2019-08-310001780785srt:ParentCompanyMemberus-gaap:CommonClassBMember2021-10-012022-03-310001780785us-gaap:CommonClassBMember2021-10-012022-03-310001780785us-gaap:CommonClassAMember2021-10-012022-03-310001780785srt:ParentCompanyMemberus-gaap:CommonClassAMember2020-10-012022-03-310001780785srt:ParentCompanyMemberus-gaap:CommonClassBMember2020-10-012021-09-300001780785us-gaap:CommonClassBMember2020-10-012021-09-300001780785us-gaap:CommonClassAMember2020-10-012021-09-300001780785srt:ParentCompanyMember2020-10-012021-09-3000017807852020-04-202020-04-2000017807852019-08-012019-08-310001780785us-gaap:ConvertiblePreferredStockMember2022-03-310001780785srt:ParentCompanyMemberus-gaap:CommonClassBMember2022-03-310001780785srt:ParentCompanyMemberus-gaap:CommonClassAMember2022-03-310001780785us-gaap:CommonClassBMember2022-03-310001780785us-gaap:CommonClassAMember2022-03-310001780785srt:ParentCompanyMemberus-gaap:CommonClassBMember2021-09-300001780785srt:ParentCompanyMemberus-gaap:CommonClassAMember2021-09-300001780785us-gaap:CommonClassBMember2021-09-300001780785us-gaap:CommonClassAMember2021-09-3000017807852020-04-2000017807852019-08-3100017807852018-11-230001780785us-gaap:ConvertiblePreferredStockMemberus-gaap:SubsequentEventMember2022-07-310001780785us-gaap:CommonClassBMemberus-gaap:SubsequentEventMember2022-07-310001780785us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2022-07-310001780785us-gaap:SubsequentEventMember2022-07-310001780785cney:UnderwritersWarrantsMember2022-03-310001780785cney:UnderwritersWarrantsMember2021-09-300001780785cney:UnderwritersWarrantsMember2021-08-110001780785cney:PublicCompanyMember2022-03-310001780785cney:PublicCompanyMember2021-09-300001780785srt:ParentCompanyMember2021-03-3100017807852021-03-310001780785cney:ZhejiangNewMaterialMembercney:EquipmentPurchaseAgreementMember2021-10-012022-03-310001780785cney:ThirdPartyMember2022-02-150001780785cney:ZhejiangForasenEnergyTechnologyCo.LtdMember2021-10-080001780785cney:HangzhouForasenTechnologyCo.LtdMember2021-10-080001780785cney:HangzhouForasenTechnologyCo.LtdMember2020-08-050001780785us-gaap:UseRightsMember2021-10-012022-03-310001780785us-gaap:OtherIntangibleAssetsMember2021-10-012022-03-310001780785us-gaap:UseRightsMember2020-10-012021-09-300001780785us-gaap:OtherIntangibleAssetsMember2020-10-012021-09-3000017807852021-07-012021-09-300001780785cney:NingboTradingMember2022-04-132022-04-130001780785cney:ZhoushanTradingMember2022-04-082022-04-080001780785cney:ZhejiangCnEnergyMembercney:HangzhouForasenTechnologyCo.LtdMember2021-10-012022-03-310001780785cney:CnEnergyUsaMember2021-10-012022-03-310001780785cney:CnEnergyDevelopmentMember2021-10-012022-03-310001780785cney:ZhejiangCnEnergyMembercney:CnEnergyDevelopmentMember2021-05-012021-06-300001780785cney:ManzhouliZhongxingEnergyTechnologyCo.ltdMember2021-05-012021-06-300001780785cney:HangzhouForasenTechnologyCo.LtdMember2021-05-012021-06-300001780785cney:PublicCompanyMember2021-10-012022-03-310001780785cney:PublicCompanyMember2020-10-012021-03-310001780785us-gaap:LineOfCreditMember2022-03-310001780785us-gaap:LineOfCreditMember2020-09-080001780785us-gaap:ConvertiblePreferredStockMember2020-04-012020-04-300001780785cney:BankOfBeijingMembercney:ShortTermLoanAgreementMember2021-12-140001780785cney:IndustrialAndCommercialBankOfChinaMembercney:ShortTermLoanAgreementMember2020-05-220001780785cney:UnderwritersWarrantsMember2021-02-090001780785us-gaap:BankersAcceptanceMember2021-12-012021-12-310001780785cney:IndustrialAndCommercialBankOfChinaMembercney:UnsecuredLoanAgreementsMember2020-09-102020-09-100001780785srt:MinimumMember2021-10-012022-03-310001780785srt:MaximumMember2021-10-012022-03-310001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMember2021-10-012022-03-310001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMember2021-10-012022-03-310001780785us-gaap:AccountsPayableMemberus-gaap:SupplierConcentrationRiskMember2020-10-012021-09-300001780785us-gaap:BankersAcceptanceMember2020-10-012021-09-300001780785us-gaap:CostOfGoodsProductLineMemberus-gaap:SupplierConcentrationRiskMember2020-10-012021-03-310001780785us-gaap:PrivatePlacementMember2021-06-082021-06-100001780785us-gaap:BankersAcceptanceMember2022-01-310001780785us-gaap:BankersAcceptanceMember2021-12-310001780785us-gaap:RevenueFromContractWithCustomerProductAndServiceBenchmarkMemberus-gaap:CustomerConcentrationRiskMember2021-10-012022-03-310001780785us-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2021-10-012022-03-310001780785us-gaap:AccountsReceivableMemberus-gaap:CreditConcentrationRiskMember2020-10-012021-09-300001780785us-gaap:RevenueFromContractWithCustomerProductAndServiceBenchmarkMemberus-gaap:CustomerConcentrationRiskMember2020-10-012021-03-310001780785srt:ParentCompanyMember2021-10-012022-03-310001780785srt:ParentCompanyMember2020-10-012021-03-310001780785us-gaap:PrivatePlacementMember2021-06-112021-06-1100017807852019-12-3100017807852014-04-3000017807852014-01-310001780785us-gaap:UseRightsMember2022-03-310001780785us-gaap:OtherIntangibleAssetsMember2022-03-310001780785us-gaap:ConvertiblePreferredStockMember2021-02-092021-02-090001780785us-gaap:RetainedEarningsMember2020-10-012021-03-310001780785us-gaap:AdditionalPaidInCapitalMember2020-10-012021-03-310001780785cney:UnderwritersWarrantsMember2021-02-092021-02-0900017807852020-09-3000017807852020-10-012021-09-300001780785srt:ParentCompanyMember2022-03-3100017807852022-03-310001780785srt:ParentCompanyMember2021-09-3000017807852021-09-3000017807852020-10-012021-03-31iso4217:USDiso4217:CNYiso4217:CNYiso4217:USDxbrli:purecney:itemxbrli:sharescney:agreementutr:sqftiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of August 2022

Commission File Number: 001-39978

CN ENERGY GROUP. INC.

Building 2-B, Room 206, No. 268 Shiniu Road

Liandu District, Lishui City, Zhejiang Province

The People’s Republic of China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  

EXPLANATORY NOTE

CN Energy Group. Inc. (the “Company”) is furnishing this report on Form 6-K to provide the six-month interim financial statements for the period ended March 31, 2022 and incorporate such financial statements into the Company’s registration statement referenced below.

This Form 6-K is hereby incorporated by reference into the registration statement on Form F-3 of the Company (File Number 333-264579), as amended, and into the prospectus outstanding under the foregoing registration statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CN Energy Group. Inc.

Date: August 31, 2022

By:

/s/ Kangbin Zheng

Name:

Kangbin Zheng

Title:

Chief Executive Officer

EXHIBIT INDEX

Exhibit
No.

    

Description

99.1

Unaudited Condensed Consolidated Financial Statements for the Six Months Ended March 31, 2022 and 2021

101

Interactive Data Files (formatted as Inline XBRL)

104

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

CN Energy (NASDAQ:CNEY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more CN Energy Charts.
CN Energy (NASDAQ:CNEY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more CN Energy Charts.