c-peptide tests are not hugely accurate and all they can tell you is... you aren't producing insulin, you are producing normal amounts of insulin or your are producing too much insulin.
For both results you should have got a reference range as each lab will have a slightly different 'normal' range depending on the technique they use and therefore you can not directly compare the results...
In general the following can be applied to the results, however you should always discuss these results with your HCP..
Very Low C-Peptide: Means that your insulin producing cells are dead or dying, it is normally an indication of type 1 diabetes, although long term poorly controlled type 2 diabetics can also have enough damage to fall into this category..
High Fasting C-Peptide: Means you are making a lot of insulin but have significant insulin resistance, for these type 2 individuals a reduced carbohydrate diet is often recommended as a good way of gaining normal blood sugars.
There are suggestion's that well controlled t1 diabetics can sometimes see an increase in c-peptide levels... suggesting some sort of 'regeneration' but I am yet to see a study where these increases are significant or outside the range of normal test in-accuracies.. unfortunately at present t1 diabetes is incurable.