CN Energy Bags $0.84M Activated Carbon Order

CN Energy Group Inc. CNEY subsidiary, Zhejiang CN Energy New Materials Co., Ltd., has signed a contract to supply high-quality wood-based activated carbon to a buyer for direct application in the pharmaceutic industry.
The order size is RMB5.76 million, equivalent to ~$0.84 million. The company plans to deliver the goods sold before March 31, 2023.
Ms. Xinyang Wang, CNEY's CEO, commented, "Clients in the pharmaceutical industry typically have stringent quality prerequisites and rigorous service requirements for their material suppliers. Gaining a good reputation and accessing the supply chain in this industry is not an easy task to accomplish. Nevertheless, we believe this niche market will be lucrative and strategically attractive."
Price Action: CNEY shares are trading higher by 10.02% at $0.2250 in premarket on the last check Monday.