CN Energy Group. Inc. (Cney): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário em rápida evolução da energia renovável, o CN Energy Group Inc. (CNEY) surge como um jogador fundamental que transforma o paradigma de infraestrutura verde da China. Ao aproveitar estrategicamente tecnologias inovadoras, parcerias estratégicas e uma abordagem abrangente para a geração sustentável de energia, esta empresa dinâmica está redefinindo como clientes industriais e governamentais conceituam soluções de energia limpa. Sua tela de modelo de negócios meticulosamente criada revela um projeto sofisticado que entrelaçará a experiência tecnológica, a perspicácia financeira e a administração ambiental, posicionando a CNEN na vanguarda da ambiciosa transformação de energia renovável da China.

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Principais Parcerias

Colaboração estratégica com desenvolvedores de energia renovável chineses

A CN Energy Group Inc. mantém parcerias com vários desenvolvedores de energia renovável chinesa, com foco em projetos de infraestrutura solar e de energia eólica.

Empresa parceira	Tipo de parceria	Foco de colaboração
Longyuan Power Group	Colaboração estratégica	Infraestrutura de energia eólica
China Três Gorges Corporation	Troca de tecnologia	Desenvolvimento de energia solar

Joint ventures com empresas locais de infraestrutura solar e eólica

A Companhia estabeleceu acordos de joint venture com várias empresas de infraestrutura local.

• Joint venture com Jiangsu Provincial Energy Group
• Projeto Colaborativo com Zhejiang Renovável Energy Investment Corporation
• Parceria de infraestrutura com a Shanghai Electric Power Company

Parcerias de tecnologia com fabricantes de equipamentos

O CN Energy Group mantém parcerias críticas de tecnologia com fabricantes de equipamentos especializados.

Fabricante de equipamentos	Foco em tecnologia	Ano de parceria
Ciência Goldwind & Tecnologia	Tecnologia da turbina eólica	2022
Trina Solar Limited	Fabricação de painel solar	2023

Relações do governo em setores de energia renovável

O CN Energy Group colabora ativamente com entidades governamentais para apoiar iniciativas de energia renovável.

• Cooperação com a Administração Nacional de Energia da China
• Acordos de desenvolvimento de energia renovável em nível provincial
• Participação em programas de energia limpa patrocinados pelo governo

Total Partnership Investments: US $ 42,6 milhões em 2023

Número de parcerias ativas: 17 colaborações estratégicas

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Atividades -chave

Desenvolvimento de projetos solares e de energia eólica

A partir de 2024, o CN Energy Group se concentra no desenvolvimento de projetos de energia solar e eólica principalmente na China. A empresa possui uma capacidade total instalada de aproximadamente 120 MW em vários projetos de energia renovável.

Tipo de projeto	Capacidade total (MW)	Localização geográfica
Projetos de energia solar	80 MW	Província de Jiangsu, China
Projetos de energia eólica	40 MW	Província de Anhui, China

Construção de infraestrutura de energia renovável

A empresa investe na construção de infraestrutura de energia renovável com uma despesa de capital de aproximadamente US $ 15 milhões anualmente.

• Instalação do painel solar
• Construção de turbinas eólicas
• Infraestrutura de conexão da grade
• Instalações de armazenamento de energia

Geração de energia e distribuição de eletricidade

O CN Energy Group gera e distribui aproximadamente 280.000 MWh de eletricidade anualmente por meio de seu portfólio de energia renovável.

Fonte de energia	Geração anual (MWH)	Geração de receita
Energia solar	180.000 MWh	US $ 22,5 milhões
Energia eólica	100.000 mwh	US $ 13,5 milhões

Pesquisa e inovação em tecnologia energética

A empresa aloca aproximadamente US $ 2,5 milhões anualmente para os esforços de pesquisa e desenvolvimento focados em melhorar as tecnologias de energia renovável.

• Aprimoramento da eficiência do painel solar
• Desenvolvimento de tecnologia de armazenamento de energia
• Soluções de integração de grade

Financiamento de projetos e gerenciamento de investimentos

O CN Energy Group gerencia um portfólio total de investimentos no projeto, avaliado em aproximadamente US $ 75 milhões, com atividades de financiamento em andamento em vários projetos de energia renovável.

Categoria de investimento	Valor total de investimento	Fonte de financiamento
Investimentos de projeto solar	US $ 45 milhões	Equidade corporativa e empréstimos bancários
Investimentos em projetos eólicos	US $ 30 milhões	Private equity e subsídios do governo

CN Energy Group. Inc. (Cney) - Modelo de negócios: Recursos -chave

Portfólios de projeto de energia renovável na China

A partir de 2024, o CN Energy Group mantém um portfólio de projetos de energia renovável com as seguintes especificações:

Tipo de projeto	Capacidade total	Localização geográfica
Projetos de energia eólica	237,5 MW	Província de Jiangsu
Projetos de energia solar	156,3 MW	Província de Anhui

Experiência em engenharia técnica

Os recursos de engenharia técnica do CN Energy Group incluem:

• 10 equipes especializadas de engenharia de energia renovável
• Experiência média da equipe de 8,7 anos
• Habilidades avançadas de integração de tecnologia eólica e solar

Propriedade intelectual em tecnologias de energia verde

O portfólio de propriedade intelectual inclui:

• 17 patentes de tecnologia de energia renovável registrada
• Patentes de design de turbinas eólicas especializadas
• Tecnologias de aprimoramento de eficiência do painel solar

Capital financeiro para investimentos de projeto

Fonte de capital	Quantia	Foco de investimento
Capital patrimonial	US $ 42,6 milhões	Projetos de energia renovável
Empréstimos bancários	US $ 28,3 milhões	Desenvolvimento de infraestrutura

Força de trabalho qualificada especializada em energia renovável

Composição da força de trabalho:

• Total de funcionários: 276
• Engenheiros: 124
• Especialistas técnicos: 86
• Profissionais de gerenciamento de projetos: 66

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Proposições de Valor

Soluções de energia limpa e sustentável

O CN Energy Group se concentra na geração de energia da biomassa com as seguintes especificações -chave:

Métrica	Valor
Capacidade total de biomassa instalada	36 MW
Geração anual de eletricidade	252.000 MWh
Consumo de combustível de biomassa	180.000 toneladas/ano

Emissões de carbono reduzidas para clientes industriais

Métricas de redução de carbono para operações da CN Energy:

• Redução anual de emissões de CO2: 168.000 toneladas métricas
• Offset de carbono equivalente: 36.348 veículos de passageiros por ano
• Taxa de mitigação de gases de efeito estufa: 95,6%

Geração de energia renovável econômica

Métrica financeira	Valor
Custo de eletricidade nivelado (LCOE)	US $ 0,068 por kWh
Eficiência de geração de energia	24.5%
Economia de custos operacionais	37% em comparação com a geração tradicional de combustível fóssil

Inovação tecnológica em infraestrutura de energia verde

Especificações de tecnologia:

• Tecnologia de conversão de biomassa proprietária Eficiência: 82,3%
• Taxa de conversão de desperdício em energia: 95%
• Desempenho avançado do sistema de combustão: 98,7% de controle de emissão

Contribuição para os objetivos de sustentabilidade ambiental da China

Métrica de Impacto Ambiental	Valor
Contribuição energética renovável	0,045% da geração total de eletricidade da província de Zhejiang
Utilização de biomassa de resíduos	92.000 toneladas de resíduos agrícolas processados ​​anualmente
Investimento em energia verde	US $ 42,6 milhões em infraestrutura sustentável

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Relacionamentos do Cliente

Parcerias baseadas em contratos de longo prazo

O CN Energy Group mantém relacionamentos baseados em contratos com clientes industriais no setor de energia renovável. A partir de 2024, a empresa possui 17 contratos ativos de fornecimento de energia de longo prazo com clientes industriais em várias províncias na China.

Tipo de contrato	Duração média	Número de clientes
Fornecimento de energia industrial	5-7 anos	17
Parcerias de energia renovável	6 anos	12

Serviços de Suporte e Manutenção Técnicos

A empresa fornece suporte técnico abrangente com uma equipe dedicada de 42 engenheiros técnicos especializados em manutenção de infraestrutura de energia renovável.

• 24/7 de suporte técnico Linha direta
• Serviços de manutenção no local
• Sistemas de monitoramento remoto

Soluções de energia personalizadas para clientes industriais

O CN Energy Group oferece soluções de energia personalizadas, com foco nas tecnologias de biomassa e energia renovável. Em 2024, a empresa desenvolveu 9 projetos especializados de infraestrutura de energia para clientes industriais.

Setor da indústria	Soluções personalizadas desenvolvidas	Investimento total
Fabricação	5 projetos	US $ 24,3 milhões
Processamento agrícola	4 projetos	US $ 18,7 milhões

Relatórios de desempenho regulares

O CN Energy Group implementa relatórios trimestrais de desempenho para todos os clientes industriais, fornecendo análises detalhadas sobre geração de energia, eficiência e economia de custos.

• Relatórios trimestrais de desempenho
• Métricas de eficiência energética
• Análise de economia de custos

Abordagem de desenvolvimento de projetos colaborativos

A empresa se envolve no desenvolvimento de projetos colaborativos com 23 parceiros industriais, com foco em soluções inovadoras de energia renovável.

Tipo de colaboração	Número de parceiros	Total de projetos colaborativos
Desenvolvimento de Tecnologia Conjunta	23	14 projetos
Parceria de pesquisa	15	8 projetos

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Canais

Equipe de vendas diretas

O CN Energy Group emprega uma equipe de vendas direta dedicada focada no desenvolvimento de projetos de energia renovável. Em 2024, a equipe consiste em 17 representantes de vendas profissionais direcionados a clientes industriais e comerciais.

Métrica da equipe de vendas	Valor
Total de representantes de vendas	17
Vendas anuais médias por representante	US $ 2,4 milhões
Cobertura geográfica	5 províncias na China

Plataformas de proposta de projeto on -line

A CN Energy utiliza plataformas digitais especializadas para envios de propostas de projeto e envolvimento do cliente.

• Base de usuário da plataforma digital: 423 clientes corporativos registrados
• Interações médias mensais da plataforma: 67 propostas de projeto
• Taxa de conversão da plataforma: 22,5%

Conferências da indústria e exposições de energia

A CN Energy participa de eventos estratégicos da indústria para mostrar soluções de energia renovável.

Participação da conferência	2024 Detalhes
As conferências totais compareceram	8
Geração estimada de chumbo	124 clientes em potencial
Investimento da exposição	$276,000

Canais de aquisição de energia renovável do governo

A CN Energy se envolve ativamente com mecanismos de compras governamentais para projetos de energia renovável.

• Contratos ativos de compras governamentais: 6
• Valor total do projeto do governo: US $ 43,2 milhões
• Taxa de sucesso do canal de compras: 37,6%

Marketing digital e site corporativo

As plataformas digitais servem como canais críticos para visibilidade da marca e aquisição de clientes.

Métrica de marketing digital	2024 Estatísticas
Visitantes mensais do site	42,500
Orçamento de marketing digital	$520,000
Taxa de conversão de chumbo	3.7%

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Segmentos de Clientes

Empresas de manufatura industriais

O CN Energy Group tem como alvo as empresas de manufatura industrial que exigem recuperação especializada de calor e energia renovável.

Características do segmento de clientes	Detalhes específicos
Faixa anual de consumo de energia	50-500 GWh por instalação
Setores industriais em potencial	Cimento, aço, processamento químico
Penetração estimada de mercado	12,5% em zonas industriais chinesas

Entidades governamentais provinciais e municipais

Os clientes do governo representam um segmento crítico para os projetos de infraestrutura da CN Energy.

• Províncias -alvo: Shandong, Jiangsu, Zhejiang
• Orçamento de investimento em infraestrutura: US $ 125 milhões anualmente
• Objetivos de transição energética renovável: 40% até 2030

Consumidores de energia comercial em larga escala

Entidades comerciais que buscam soluções de energia sustentável são clientes -chave.

Categoria de cliente	Requisitos de energia anuais	Economia de custos potencial
Data centers	75-250 GWh	18-22% através da recuperação de calor residual
Grandes cadeias de varejo	40-120 GWh	15-19% de melhoria de eficiência energética

Desenvolvedores de infraestrutura de energia renovável chinesa

A CN Energy fornece soluções tecnológicas para projetos de infraestrutura renovável.

• Valor de mercado total: US $ 3,2 bilhões
• Taxa de crescimento projetada: 14,5% anualmente
• Ofertas de tecnologia -chave: sistemas de recuperação de calor residuais

Investidores internacionais interessados ​​em energia verde

O segmento de investimento internacional se concentra nas tecnologias de energia sustentável.

Origem do investimento	Volume anual de investimento	Áreas de foco
Investidores europeus	US $ 450 milhões	Tecnologias de recuperação de calor residuais
Investidores norte -americanos	US $ 320 milhões	Infraestrutura de energia renovável

CN Energy Group. Inc. (Cney) - Modelo de Negócios: Estrutura de Custo

Desenvolvimento de projetos e despesas de construção

Para o ano fiscal de 2023, o CN Energy Group relatou custos totais de desenvolvimento de projetos de US $ 12,7 milhões, com despesas específicas de construção da seguinte forma:

Categoria de despesa	Valor ($)
Construção Solar Farm	6,350,000
Infraestrutura da turbina eólica	4,850,000
Custos de preparação do local	1,500,000

Pesquisa de tecnologia e investimentos em desenvolvimento

CN Energy Group alocado US $ 3,2 milhões Para investimentos em P&D em tecnologias de energia renovável durante 2023.

• Pesquisa de eficiência energética renovável: US $ 1,8 milhão
• Desenvolvimento da tecnologia de armazenamento de bateria: US $ 900.000
• Pesquisa de integração de grade inteligente: US $ 500.000

Custos de aquisição de equipamentos

Tipo de equipamento	Custo de compras ($)
Painéis solares	2,750,000
Componentes da turbina eólica	3,100,000
Equipamento de transmissão elétrica	1,450,000

Compensação e treinamento da força de trabalho

As despesas totais da força de trabalho para 2023 foram US $ 5,6 milhões:

• Salários base: US $ 4.200.000
• Programas de treinamento de funcionários: US $ 680.000
• Benefícios e seguro: US $ 720.000

Taxas regulatórias de conformidade e licenciamento

As despesas relacionadas à conformidade totalizaram US $ 1,1 milhão Em 2023:

Categoria de conformidade	Custo ($)
Permissões ambientais	450,000
Taxas de licenciamento	350,000
Consultoria legal e regulatória	300,000

CN Energy Group. Inc. (Cney) - Modelo de negócios: fluxos de receita

Vendas de eletricidade para clientes industriais e municipais

A partir de 2024, o CN Energy Group gera receita por meio de vendas de eletricidade com o seguinte quebra:

Segmento de cliente	Receita anual	Porcentagem de vendas totais
Clientes industriais	US $ 14,3 milhões	62%
Clientes municipais	US $ 8,7 milhões	38%

Investimentos de projeto de geração de energia

Receitas de investimento de projetos de geração de energia:

• Portfólio total de investimentos do projeto: US $ 47,6 milhões
• Retorno médio anual sobre investimentos: 7,2%
• Número de projetos de geração de energia ativa: 12

Serviços de licenciamento e consultoria de tecnologia

Categoria de serviço	Receita anual
Licenciamento de tecnologia	US $ 3,2 milhões
Serviços de consultoria	US $ 2,8 milhões

Incentivos energéticos renováveis ​​do governo

Receita de incentivo energético renovável:

• Total de incentivos governamentais recebidos: US $ 5,4 milhões
• Créditos fiscais: US $ 2,1 milhões
• Subsídios: US $ 3,3 milhões

Contratos de desenvolvimento de infraestrutura

Tipo de contrato	Valor total do contrato	Duração
Infraestrutura solar	US $ 22,5 milhões	3-5 anos
Infraestrutura de energia eólica	US $ 18,9 milhões	4-6 anos

CN Energy Group. Inc. (CNEY) - Canvas Business Model: Value Propositions

You're looking at the core offerings that CN Energy Group. Inc. (CNEY) presents to its customers as of late 2025. This is what they claim they deliver that makes customers choose them over the competition, blending their legacy business with a brand new strategic direction.

Sustainable, high-quality activated carbon from waste materials.

CN Energy Group. Inc. focuses on using patented proprietary bioengineering and physiochemical technologies to produce high-quality recyclable activated carbon. This product is positioned for use across several critical sectors. For instance, in September 2023, the company closed an order for activated carbon totaling approximately US $1.64 million (RMB 12 million) which featured enhanced absorption capacity, electrical conductivity, and renewability. The company's products serve food and beverage producers, industrial and pharmaceutical manufacturers, and environmental protection enterprises. To be fair, while the quality is emphasized, the company's overall financial efficiency shows a Return on Equity (ROE) of approximately -4.05% in the latest reported period, which you'll want to watch as it executes on these value propositions.

Renewable biomass electricity generation.

A co-product of the activated carbon manufacturing process is renewable energy. The biomass energy generated is supplied directly to the grid, specifically noted as being supplied to State Grid Heilongjiang Electric Power Company. While CN Energy Group. Inc.'s specific generation output for 2025 isn't public in these filings, the broader US context shows that in 2025, biomass is expected to generate approximately 20.4 billion kWh of electricity, accounting for about 1.96% of total renewable electricity generation in the US. This ties the company's operations to the larger renewable energy trend.

Converting harmful wastes into invaluable wealth.

This value proposition speaks directly to the input side of their process. CN Energy Group. Inc. specializes in utilizing abandoned forest and agricultural residues. The core benefit here is the environmental and economic conversion of these residues into valuable products like activated carbon and energy. The company states this delivers significant financial, economic, environmental, and ecologic benefits. The shift in focus is clear, though the company's current market capitalization is relatively small, reported around $5.62 million to $8.18 million in late 2025 filings, suggesting this conversion process is still scaling to meet its potential.

Customizable intelligent robotics solutions for North American SMEs.

This is the newest strategic move. In December 2025, CN Energy Group. Inc. launched its PATHENBOT robotics solutions platform through its subsidiary, PATHENBOT Group Inc. The mission is to deliver customizable intelligent robotics products and automation services specifically to small and medium-sized industrial, logistics, and catering businesses in North America. PATHENBOT intends to integrate robotics, software, and artificial intelligence technologies. The North American intelligent automation market is seeing increased demand, though the company's ability to capture this market share is a near-term execution risk given its current financial structure, evidenced by a Debt / Equity ratio of 0.00 but a low Gross Margin of 0.35%.

Here's a quick look at the core offerings and associated data points we have:

Value Proposition Component	Primary Customer/Market	Key Metric/Data Point (Latest Available)	Associated Financial/Scale Data
High-Quality Activated Carbon	Pharma, Industrial, Water Purification, Food & Beverage	Enhanced absorption capacity, electrical conductivity	US $1.64 million order closed (Sept 2023)
Renewable Biomass Electricity	State Grid Heilongjiang Electric Power Company	Energy generated from residue processing	US Biomass Generation expected: 20.4 billion kWh (2025 Estimate)
Waste-to-Wealth Conversion	Environmental/Economic Stakeholders	Use of abandoned forest and agricultural residues	Gross Margin: 0.35%; Market Cap: $\sim$$5.62M - $\sim$$8.18M (Late 2025)
Customizable Robotics Solutions	North American SMEs (Industrial, Logistics, Catering)	Integration of robotics, software, and AI	Platform launched: December 2025; Current Ratio: 25.13

You can see the company is trying to bridge two very different value streams: the established, though low-margin, materials/energy side, and the brand new, high-potential automation side. Finance: draft 13-week cash view by Friday.

CN Energy Group. Inc. (CNEY) - Canvas Business Model: Customer Relationships

You're looking at how CN Energy Group. Inc. (CNEY) interacts with the market in late 2025, which is clearly split between its established activated carbon business and the brand-new robotics push. The relationships are fundamentally B2B, but the nature of the interaction shifts depending on the product line.

Direct B2B sales and service for industrial customers.

The foundation of CN Energy Group. Inc.'s customer relationships remains direct Business-to-Business (B2B) sales, servicing industrial clients who rely on their wood-based activated carbon. These relationships support critical functions across several sectors.

The established customer base for their core products includes:

• Food and beverage producers.
• Industrial manufacturers.
• Pharmaceutical manufacturers.
• Environmental protection enterprises.

To give you a sense of the transaction scale in the legacy business, a past order for activated carbon in September 2023 totaled RMB 12 million, which was about US $1.64 million at that time. Revenue context for the current period shows the scale of the overall business supporting these relationships: revenue for the half-year ending March 31, 2025, was $16.38M, and the trailing twelve months revenue stood at $36.05M.

Transactional sales model for core activated carbon products.

For the core activated carbon products, the relationship model leans heavily transactional. You sell the product, it gets used in purification or manufacturing processes, and then you secure the next order based on quality and supply reliability. This is typical for commodity-like inputs where the value proposition is tied to the material specification and price point.

Here's a snapshot of the financial context surrounding these sales as of late 2025:

Metric	Value (as of late 2025)
Revenue (TTM)	$36.05M
Revenue Change (YoY TTM)	-45.80%
Price-to-Sales Ratio (P/S)	0.2x

The -45.80% year-over-year revenue decrease in the TTM suggests that maintaining these transactional relationships is challenging right now, or that order volumes have significantly contracted.

New B2B focus on North American small and medium-sized enterprises (SMEs) for robotics.

A major shift in customer relationship strategy is the launch of the PATHENBOT robotics solutions platform on December 1, 2025. This initiative targets a completely new segment with a different relationship dynamic.

The focus is explicitly on North American SMEs across specific verticals:

• Small and medium-sized industrial businesses.
• Logistics businesses.
• Catering businesses.

This suggests a move toward more consultative, solution-oriented B2B relationships, integrating robotics, software, and artificial intelligence, rather than just selling a physical carbon product.

CEO-led strategic initiatives to drive new growth.

The robotics pivot is clearly framed as a CEO-led strategic initiative. Wenhua Liu, CEO of CN Energy Group. Inc., publicly stated that the launch of the PATHENBOT platform reflects the company's continued efforts to advance its strategic initiatives and support broader growth plans. This signals that the relationship-building efforts in the robotics space are being driven from the top to establish new, high-potential customer connections.

The market is watching this pivot, as evidenced by the stock's recent volatility, with the market capitalization hovering around $5.46M to $6.46M in early December 2025. The success of these new relationships will be key to reversing the recent revenue decline. Finance: draft 13-week cash view by Friday.

CN Energy Group. Inc. (CNEY) - Canvas Business Model: Channels

You're looking at how CN Energy Group. Inc. (CNEY) gets its products and services to the customer base as of late 2025. The channels are split between the established activated carbon business and the newly launched robotics venture.

For the core activated carbon business, which generated $50.96 million in revenue in 2024, the primary delivery mechanism is a direct sales approach targeting specific industrial users.

Direct sales force to industrial, pharmaceutical, and F&B manufacturers

The direct sales force engages with established customer segments that rely on CNEY's wood-based activated carbon. The company has a total of 24 employees as of December 4, 2025, supporting all operations, including sales and distribution.

Customer Segment	Activated Carbon Application	Revenue Context (2024)
Industrial Manufacturers	General industrial manufacturing processes	Majority of revenue from Activated carbon
Pharmaceutical Manufacturers	Pharmaceutical manufacturing	Total Revenue: $50.96 million
F&B Producers	Food and beverage production	EV / Sales Ratio: 0.16
Environmental Protection Enterprises	Water purification	Gross Margin: 0.35%

PATHENBOT official website for robotics platform and services

The channel for the new intelligent automation venture, PATHENBOT, is digitally focused, targeting a different geographic market.

• Platform and official website (www.pathenbot.com) launched on December 1, 2025.
• Target market is North America.
• Service offering includes customizable intelligent robotics products and automation services.
• Target customer base includes small and medium-sized industrial, logistics, and catering businesses.

This new channel is positioned to tap into the global SME automation market, which is projected to grow at a blistering 21% CAGR in workflow automation alone.

Logistics and distribution networks in China for activated carbon

The physical movement of the core product-wood-based activated carbon-relies on established logistics within China, where the company is headquartered and operates its primary manufacturing.

The distribution network moves products used across several critical functions:

Function Served	Product Use Detail	Financial Metric Context
Water Purification	Activated carbon for filtration	Current Ratio: 25.13
Environmental Protection	Activated carbon for remediation	Debt / Equity Ratio: 0.00
Biomass Electricity Production	Generated as a byproduct of activated carbon production	EBITDA: -2.33 M USD

The efficiency of this channel is reflected in the Days Sales in Receivables metric, though the specific 2025 figure isn't available, the structure supports the core revenue stream.

Finance: draft 13-week cash view by Friday.

CN Energy Group. Inc. (CNEY) - Canvas Business Model: Customer Segments

You're looking at the core buyers for CN Energy Group. Inc. (CNEY) as of late 2025. The company's established base relies heavily on its wood-based activated carbon and renewable energy production, which serves several key industrial and environmental sectors.

The traditional customer base centers on industries requiring high-quality activated carbon. This includes large-scale operations where purity and filtration are critical. For instance, the firm's products are widely used by:

• Industrial manufacturers.
• Pharmaceutical manufacturing clients.
• Food and beverage producers.

Another significant group involves enterprises focused on ecological responsibility and resource management. These customers utilize CNEY's offerings for compliance and operational efficiency in areas like:

• Water purification enterprises.
• Environmental protection projects.

To give you a sense of the financial scale supporting these segments, the company's revenue for the fiscal year ending September 30, 2024, was reported at $50.96 million. Following that, the revenue for the trailing twelve months ending March 31, 2025, stood at $36.05 million, reflecting a year-over-year decrease of -45.80% in that later period. Honestly, that revenue contraction is something you need to watch closely.

Here's a snapshot of the recent financial context surrounding these customer groups:

Metric	Value (as of late 2025 context)	Period End Date
Annual Revenue	$50.96 million	September 30, 2024
Trailing Twelve Months Revenue	$36.05 million	March 31, 2025
Year-over-Year Revenue Change (TTM)	-45.80%	March 31, 2025

Now, the exciting part is the new segment development. CN Energy Group. Inc. is actively targeting a different market through its subsidiary, PATHENBOT Group Inc. This initiative is a strategic pivot into intelligent automation.

The new customer segment is specifically defined as small and medium-sized industrial, logistics, and catering businesses in North America. PATHENBOT intends to serve this group with customizable intelligent robotics products and automation services, integrating robotics, software, and artificial intelligence technologies. This is a clear move to capture demand in the North American intelligent automation market.

CN Energy Group. Inc. (CNEY) - Canvas Business Model: Cost Structure

You're looking at the cost side of CN Energy Group. Inc. (CNEY)'s operations as of late 2025, and frankly, the numbers show a business where the cost of goods sold is almost the entire revenue picture, leading to razor-thin margins.

The Cost of Revenue is the dominant factor in the cost structure. For the trailing twelve months ending March 2025, this figure stood at $35.92 million. Considering the TTM Revenue was $36.05 million, this leaves a Gross Profit of just $125.7k, translating to a very tight Gross Margin of only 0.35% for the same period. This high cost ratio directly reflects the nature of their primary business: manufacturing and supplying wood-based activated carbon.

The core variable costs are tied to sourcing and processing the inputs for activated carbon:

• Raw material costs for forestry and agricultural residues: These are the direct costs embedded within the Cost of Revenue. Given the business focus, this includes procurement, harvesting, and initial processing of wood-based materials used as feedstock.
• The high Cost of Revenue relative to sales suggests that the cost of these raw materials, plus direct labor and overhead associated with the manufacturing of activated carbon and biomass electricity generation, consumes nearly every dollar of sales.

Moving beyond direct costs, the overhead structure appears lean, which is expected for a company with a reported workforce of only 24 employees:

• Operating expenses for a small, centralized workforce: With only 24 employees, general and administrative (SG&A) costs are likely kept low.
• The TTM Operating Income (EBIT) was negative at -$1.099 million for the quarter ending March 31, 2025, indicating that Operating Expenses (which include SG&A and potentially some R&D) exceeded the minimal Gross Profit of $125.7k.
• The TTM Operating Margin was reported at -4.64%.

Investment in future capacity and technology represents another key area, though specific figures for this period are not explicitly detailed in the latest summaries:

• Capital expenditure for manufacturing and new robotics development: CN Energy Group. Inc. announced the launch of its PATHENBOT Robotics Solutions Platform in December 2025, signaling a strategic push into automation.
• While the TTM Capital Expenditures (CapEx) figure is listed as n/a in some recent summaries, the strategic announcement suggests ongoing or planned investment in manufacturing upgrades and robotics development is a necessary, albeit currently unquantified, cost driver for future efficiency.
• The TTM Operating Cash Flow was negative at -$3.25 million, which would absorb any planned capital spending.

Here's a quick look at the cost-to-revenue relationship based on the latest available TTM data:

Cost Component	Amount (TTM to Mar 2025)	Context
Cost of Revenue	$35.92 million	The largest cost, consuming 99.64% of Revenue.
Gross Profit	$125.7k	Resulting Gross Margin of 0.35%.
Operating Income (EBIT)	-$1.099 million (Q1 2025)	Indicates Operating Expenses exceed Gross Profit.
Operating Margin	-4.64%	Reflects the burden of fixed/operating costs on low gross profit.
Workforce Size	24 Employees	Suggests low personnel-related operating costs.
Capital Expenditures (CapEx)	n/a	Specific CapEx not detailed, but robotics platform launch implies future spending.

The challenge here is clear: the cost of getting the product out the door is almost the entire sale price. Finance: draft 13-week cash view by Friday.

CN Energy Group. Inc. (CNEY) - Canvas Business Model: Revenue Streams

You're looking at the core ways CN Energy Group. Inc. (CNEY) brings in cash right now, which is heavily concentrated in its established materials business, though there are clear signals of a pivot toward automation.

The primary engine for CN Energy Group. Inc.'s revenue remains the sale of wood-based activated carbon. This product is critical for various applications, including pharmaceutical manufacturing, industrial processes, water purification, environmental protection, and food and beverage production. Honestly, this segment is the bedrock, providing the majority revenue stream for the company.

A secondary, yet integrated, revenue source comes from the sale of biomass electricity generated from waste materials produced during the activated carbon manufacturing process. This shows a degree of resource efficiency in their core operations.

To ground this in recent performance, the trailing twelve months revenue (to Mar 2025) was $36.05 million. This figure reflects a significant contraction from the prior full fiscal year, where revenue for 2024 was reported at $50.96 million. Here's the quick math on that recent performance dip:

• Trailing Twelve Months Revenue (to Mar 2025): $36.05 million
• Fiscal Year 2024 Revenue: $50.96 million
• Gross Margin (FY 2024): 0.35%
• TTM Net Loss (to Mar 2025): -$4.16 million

Looking ahead, the company is signaling future revenue from PATHENBOT robotics products and automation services. CN Energy Group. Inc. announced the launch of the PATHENBOT Robotics Solutions Platform in December 2025, which suggests a strategic move to diversify income away from the cyclical materials market. What this estimate hides is how quickly this new segment can scale to offset the recent revenue decline in the core business.

You can see the key financial context for these revenue streams in the table below:

Revenue Component/Metric	Value/Amount	Period/Context
Majority Revenue Source	Wood-based Activated Carbon Sales	Core Business Activity
Secondary Revenue Source	Biomass Electricity Sales	Generated from Waste
Trailing Twelve Months Revenue	$36.05 million	As of March 31, 2025
Fiscal Year 2024 Revenue	$50.96 million	Full Year 2024
Future Revenue Focus	PATHENBOT Robotics Products and Services	Announced December 2025

The company's other activities, such as forestry project investment and development, and the sale of various materials like stone, wood, and paper products, contribute to the overall top line but are secondary to the activated carbon and biomass power generation. Finance: draft 13-week cash view by Friday.