Quarterly ResultOct 23, 2026, 05:01 PM
Blessing Logistics Ltd. Reports FY2025 Net Loss of $90,076; Assets Decline
AI Summary
CN Energy Group Inc. (CNEY) has filed its 6-K, including audited financial statements for its subsidiary, Blessing Logistics Ltd., for the years ended September 30, 2025 and 2024, and unaudited condensed financial statements as of March 31, 2026 and September 30, 2026. Blessing Logistics Ltd. reported a significant net loss of $90,076 for fiscal year 2025, a reversal from a net income of $96,497 in fiscal year 2024. Total assets and shareholders' equity also declined sharply. The company also reported a net loss of $8,430 for the six months ended March 31, 2026, with the introduction of a substantial intangible asset.
Key Highlights
- Blessing Logistics Ltd. reported a net loss of $90,076 for the year ended September 30, 2025, compared to a net income of $96,497 for the prior year.
- Total assets decreased significantly from $103,495 as of September 30, 2024, to $9,953 as of September 30, 2025.
- Shareholders' equity also saw a substantial decrease from $103,495 to $9,953 over the same period.
- General and administrative expenses were reduced from $189,825 in FY2024 to $92,499 in FY2025.
- For the six months ended March 31, 2026, the company reported a net loss of $8,430 on unaudited financials.
- An intangible asset of $1,998,417 was recorded as of March 31, 2026, with a corresponding adjustment in share capital and retained earnings.
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