The saga of a Chinese company being listed on a US stock exchange – a global financial reporting case study

Research methodology We obtained information on China Gerui from secondary published sources, including annual reports downloaded from the Securities and Exchange Commission’s (SEC) EDGAR database, news sites and newspapers, the company’s website and journal articles. One of the authors visited the China Gerui plant in Henan, China. Case overview/synopsis China Gerui, a Chinese metal fabrication company, enjoyed exponential growth because of its location, product innovation and ability to move up the value chain. At the height of its success, the company listed on the Nasdaq and had plans to raise capital to fund ambitious expansion plans. Unfortunately, four years after listing on Nasdaq, the company received a letter from the listing qualifications department notifying China Gerui that they were not in compliance with Nasdaq’s filing requirements because it had not filed its Form 20-F. Now, the company had only five days to decide whether to request an appeal of the letter. Complexity academic level This case is best suited for higher-level undergraduate accounting and finance courses such as intermediate accounting, auditing, international accounting, financial statement analysis, corporate finance and investments analysis. It is especially appropriate for graduate-level global accounting and advanced financial statement analysis courses. In these courses, the best placement is after coverage of SEC regulations and requirements for financial statement reporting and disclosure. Moreover, the case may be used as a tool to demonstrate the step-by-step process for searching and retrieving information from a public company’s filings through the SEC’s EDGAR database. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.

Non-linear fabrication: A dialogue between architecture and robotic wire-arc additive manufacture

<p><b>Within architecture the joint is an integral part of a building’s dialogue withits users and audience. Steel joints allow for the extension of membersand fundamental changes between columns and beams. However, dueto the limitation of traditional metal fabrication, highly parametric andcomputational informed designs are constrained by the conditions ofmass production. High output low cost, limiting the highly variable natureof geometrical informed individual joints.</b></p> <p>Through the fabrication of computational informed architectural steelconnection in combination with non-linear geometric segmentation and6-axis robotic wire arc additive manufacture (WAAM), this researchaims to optimise the aesthetic opportunities and practical fabrication oflarge-scale steel architectural joints. Currently, there exists a disconnectbetween the dialogue of metal joints and architectural intent. Throughthe innovative use of non-linear fabrication and member informed multidirectionalslicing, this research aims to construct a closed digital designloop though to fabrication. Utilising the additive fabrication processof WAAM, to construct a mass-customisable metal node which stillmaintains an aesthetic architectural opportunity.</p> <p>The aims of this research are to outline the potential of fabricating masscustomisablesteel joints through the process of non-linear segmentation.</p> <p>Describing the methods and techniques used to fabricate a computationalinformed metal joint through the manufacturing process of WAAM.</p>

Non-linear fabrication: A dialogue between architecture and robotic wire-arc additive manufacture

<p><b>Within architecture the joint is an integral part of a building’s dialogue withits users and audience. Steel joints allow for the extension of membersand fundamental changes between columns and beams. However, dueto the limitation of traditional metal fabrication, highly parametric andcomputational informed designs are constrained by the conditions ofmass production. High output low cost, limiting the highly variable natureof geometrical informed individual joints.</b></p> <p>Through the fabrication of computational informed architectural steelconnection in combination with non-linear geometric segmentation and6-axis robotic wire arc additive manufacture (WAAM), this researchaims to optimise the aesthetic opportunities and practical fabrication oflarge-scale steel architectural joints. Currently, there exists a disconnectbetween the dialogue of metal joints and architectural intent. Throughthe innovative use of non-linear fabrication and member informed multidirectionalslicing, this research aims to construct a closed digital designloop though to fabrication. Utilising the additive fabrication processof WAAM, to construct a mass-customisable metal node which stillmaintains an aesthetic architectural opportunity.</p> <p>The aims of this research are to outline the potential of fabricating masscustomisablesteel joints through the process of non-linear segmentation.</p> <p>Describing the methods and techniques used to fabricate a computationalinformed metal joint through the manufacturing process of WAAM.</p>

Improved Biological Responses of Titanium Coating Using Laser-Aided Direct Metal Fabrication on SUS316L Stainless Steel

Direct metal fabrication (DMF) coatings have the advantage of a more uniform porous structure and superior mechanical properties compared to coatings provided by other methods. We applied pure titanium metal powders to SUS316L stainless steel using laser-aided DMF coating technology with 3D printing. The purpose of this study was to determine the efficacy of this surface modification of stainless steel. The capacity of cells to adhere to DMF-coated SUS316L stainless steel was compared with machined SUS316L stainless steel in vitro and in vivo. Morphological in vitro response to human osteoblast cell lines was evaluated using scanning electron microscopy. Separate specimens were inserted into the medulla of distal femurs of rabbits for in vivo study. The distal femurs were harvested after 3 months, and were then subjected to push-out test and histomorphometrical analyses. The DMF group exhibited a distinct surface chemical composition, showing higher peaks of titanium compared to the machined stainless steel. The surface of the DMF group had a more distinct porous structure, which showed more extensive coverage with lamellipodia from osteoblasts than the machined surface. In the in vivo test, the DMF group showed better results than the machined group in the push-out test (3.39 vs. 1.35 MPa, respectively, p = 0.001). In the histomorphometric analyses, the mean bone-to-implant contact percentage of the DMF group was about 1.5 times greater than that of the machined group (65.4 ± 7.1% vs. 41.9 ± 5.6%, respectively; p < 0.001). The porous titanium coating on SUS316L stainless steel produced using DMF with 3D printing showed better surface characteristics and biomechanical properties than the machined SUS316L.

Evaluasi Sistem Informasi Human Resources Management Systems PT MMC Metal Fabrication Bekasi

The HRMS (Human Resources Management System) Information System functions to process employee data related to the Human Resources Department. After running this HRMS Information System for several years, the leadership of PT MMC Metal Fabrication wanted to find out the extent of maturity and the shortcomings found in the HRMS Information System. To find out the extent of maturity of the HRMS Information System, an HRMS Information System Evaluation is needed. To adjust the standards in Indonesia, Information System Evaluation is made using the Index KAMI (Information Security). Index KAMI is an Information System Evaluation framework adopted from ISO 27001 that has been adjusted to the standards in Indonesia. The results of this study can provide the maturity level of the HRMS Information System along with the findings.

Recent Progress Trend on Abrasive Waterjet Cutting of Metallic Materials: A Review

Abrasive water jet machining has been extensively used for cutting various materials. In particular, it has been applied for difficult-to-cut materials, mostly metals, which are used in various manufacturing processes in the fabrication industry. Due to its vast applications, in-depth comprehension of the systems behind its cutting process is required to determine its effective usage. This paper presents a review of the progress in the recent trends regarding abrasive waterjet cutting application to extend the understanding of the significance of cutting process parameters. This review aims to append a substantial understanding of the recent improvement of abrasive waterjet machine process applications, and its future research and development regarding precise cutting operations in metal fabrication sectors. To date, abrasive waterjet fundamental mechanisms, process parameter improvements and optimization reports have all been highlighted. This review can be a relevant reference for future researchers in investigating the precise machining of metallic materials or characteristic developments in the identification of the significant process parameters for achieving better results in abrasive waterjet cutting operations.

Policy Contradictions and Policy Dilemma: A Case of Intermediary Money Transfer Tax (IMTT) on Business Performance in the Engineering Sector in Zimbabwe

The use of tax policies to address macro-economic challenges has often led to serious other macro-economic challenges for developing countries. The purpose of this paper is to illustrate macro-economic policy dilemmas that affect developing countries when they implement tax policies to address macroeconomic challenges. The objective of the study was to examine how the 2% Intermediary Money Transfer Tax (MTT) introduced to raise financial resources to grow the economy affected performance of companies in the engineering sector. The study was guided by the pragmatism research philosophy, used explanatory research design and a mixed research approach. Data was collected from companies in the metal fabrication and machine/equipment sub-sectors of the engineering sector. A total of 68 companies were used. The paper shows that a tax policy adopted by Zimbabwe to raise revenues for supporting economic growth and addressing several economic challenges such as poverty, unemployment and negative economic growth generated other macro-economic challenges such as declining performance of companies in the Engineering sector. Results from the study showed that 2% IMTT had a negative an influence on business performance of companies in the engineering sector. The tax reduced profit margins, sales, and competitiveness. Conclusions from the study were that adoption of tax policies by governments, to achieve increased revenue and growth of the economy may, in the process, negatively affect some sectors of the economy. It was therefore recommended that the government analyse potential contradictions and dilemmas before implementing tax policies. Further studies of the influence of IMTT on other sectors like the small scale and informal sectors that are usually hit the hardest by government policies is recommended.

AN OVERVIEW OF DIRECT OR DISTRIBUTED NUMERICAL CONTROL IN COMPUTER NUMERICAL CONTROL APPLICATIONS

Direct numerical control is also known as distributed numerical control (also abbreviated DNC), is a common manufacturing term for networking CNC machine tools. On some CNC machine controllers, the available memory is too small to contain the machining program (for example machining complex surfaces), so in this case the program is stored in a separate computer and sent directly to the machine, one block at a time. If the computer is connected to a number of machines it can distribute programs to different machines as required. Usually, the manufacturer of the control provides suitable DNC software. However, if this provision is not possible, some software companies provide DNC applications that fulfill the purpose. DNC networking or DNC communication is always required when Computer-Aided Manufacturing (CAM) programs are to run on some CNC machine control. Wireless DNC is also used in place of hard-wired versions. Controls of this type are very widely used in industries with significant sheet metal fabrication, such as the automotive, appliance, and aerospace industries. A DNC system has to fulfill two basic tasks such as first guaranteeing secure, timely data transfer from and to the CNC controllers, secondly administering many thousands of NC programs.

Design and Development of Sheet-Metal Elbows Using Programming with Visual Basic for Applications in CATIA

This article introduces an innovative application of Visual Basic for Applications (VBA) (Visual Basic macro language) developed in CATIA (Computer-Aided Three-Dimensional Interactive Application), computer-aided manufacturing and engineering design software. Said application enables the three-dimensional (3D) representation and development to be obtained on a plane of the surfaces of cylindrical and conical elbows utilised to join two conduits, since CATIA lacks tools for the design of elements of metal fabrication. The application permits the geometric and dimensional parameters necessary for the creation and development of the analysed elbows to be introduced via a keyboard. Once these values have been entered and it has been verified that the design of the elbow is possible, then the application is programmed within the CATIA “Wireframe and Surface Design” module to obtain the 3D representation of said elbows, and the development of their surface is projected in the CATIA “Drafting” module. Consequently, the incorporation of this tool into CATIA software could increase technical-design productivity by eliminating certain intermediate operations, such as symmetry, and through improving the geometry training of less skilled users.