CN Energy Amends Interim Financials, Adds Blessing Logistics Pro Forma Showing $50.1M Pro Forma Loss
CNEY sits 55% above its 52-week low of $0.313 on light trading volume (0.3× avg).
Summary
CN Energy's amended interim report adds pro forma figures for the Blessing Logistics deal — a $50.05 million pro forma net loss for the six months ended March 31, 2026 — and revises certain previously reported amounts.
Key Events · Earnings and Guidance · CNEY
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Amended Interim Financials Filed
Form 6-K/A supersedes the September 18, 2026 interim financial statements and MD&A, revising certain reported amounts and notes.
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Pro Forma Loss of $50.05M Added
New Note 20 pro forma data assumes the Blessing Logistics deal closed October 1, 2024: pro forma net loss of $50,050,693 for the six months ended March 31, 2026 versus $49,543,537 as reported, and pro forma net income of $6,434,545 versus $6,928,242 a year earlier.
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Loss Driven by Two Write-Downs
The $49.5 million net loss includes a $33,151,699 allowance on the acquisition reversal receivable and a $14,341,141 impairment of advances to suppliers.
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Liquidity Rests on Restricted Cash
Unrestricted cash was $130,474 at March 31, 2026, with $5,527,524 of restricted cash held as collateral for the $7,510,000 Streeterville note.
Analysis · CNEY · Industrial Applications And Services
This 6-K/A replaces the interim financial statements and MD&A furnished on September 18, 2026. The headline addition is pro forma data for the Blessing Logistics acquisition closed March 31, 2026: had the deal closed a year earlier, the six months ended March 31, 2026 would have shown a $50.05 million net loss versus the $49.54 million actually reported, and the prior-year period would have shown $6.43 million of net income instead of $6.93 million. Because the company also revised certain reported amounts and notes, the previously furnished numbers should not be relied on as-is. The underlying story is unchanged and severe: a $33.2 million allowance against the Shenzhen acquisition-reversal receivable and a $14.3 million impairment of supplier advances drove the loss, leaving only $130,474 of unrestricted cash against $5.5 million of restricted cash pledged as collateral for the $7.51 million Streeterville note.
How filings like this one have moved
In the 30 days to Oct 24, 2026, 29.5% of the 1521 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CNEY was trading at $0.49 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.9M. The 52-week trading range was $0.31 to $2.63. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.