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CN Energy Group Inc

cneny.com

What Do They Do?

Manufactures wood-based activated carbon for wholesalers and companies that process activated carbon, used in pharmaceutical, industrial, and water-treatment applications.

Who Are Their Customers?

Activated carbon wholesalers and companies that process activated carbon buy customized products from the operating entities; the customers are based in China. The report also describes technical services for activated carbon customers.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2024: 52% from two customers

How Are They Changing?

Robotics business The latest report adds robotics products and services for small and medium-sized businesses, including logistics, food service, and industrial robots; the older report focuses on activated carbon and biomass electricity.

Biomass electricity The older report describes biomass electricity as a product made during activated carbon production and sold to a provincial power company. The latest report describes the business primarily as selling activated carbon.

Revenue over time
Activated Carbon Biomass Electricity Technology Services
$100M$50M$0

Who Do They Compete With?

Competes with Fujian Xinsen Carbon Industry, Shanxi Xinhua Activated Carbon, Ningxia Huahui Activated Carbon, Shenhua Ningxia Coal Industry Group, and Xingtai Coal Chemical

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