UAFRS vs As Reported Weekly Highlights - Asia - 2020 06 26
This week, Valens identified distortions and the corresponding adjustments to correct for those distortions for 002396:CHN, 7649:JPN, and 300229:CHN.Fujian Star-net Communication Co., LTD. is a China-based company principally engaged in the research and development, production and distribution of communication equipment. The Company's main products consist of network equipment, enterprise level network equipment, communication products, video information equipment and others. The Company's products are applied in the network construction, wireless network, cloud computing, payment, digital entertainment Karaoke, converged communication and other businesses. It distributes its products within domestic market and to overseas markets.
Sugi Holdings is a holding company that is primarily engaged in the pharmacy and drugstore operators mainly in the Chubu, Kanto and Kansai regions. Co., through its subsidiaries, operates discount style drugstores under the name of "Japan" and drugstores handling both OTC and prescription drugs style under the name of "Sugi Pharmacy" with focus on the sale of daily necessaries and food, pharmaceuticals, health foods and cosmetics. Co. is also engaged in the operation of nursing care service stations to provide home-visit nursing services and in-home nursing care services. Co. operates 1,048 drugstores as of Feb 28 2017.
TRS Information Technology Co Ltd Formerly known as Beijing TRS Information Technology Co Ltd. TRS Information Technology Co., Ltd., formerly Beijing TRS Information Technology Co., Ltd., is a China-based company principally engaged in research, development, proxy, integration of software and provision of technology services. The Company's main businesses include research and development of software, provision of industrial application solutions and could services of data analysis and mining. The Company primarily provides software products of enterprise search, content management, text mining, vertical search, knowledge management and competition information, including TRS Database servers, TRS Web Content Management (WCM), TRS CKM software, TRS InfoRadar, TRS OM software, TRS Competitive Intelligence System (CIS) and TRS Portal. Its products are applied in enterprise search engines, integrated management of government information, integrated management of media sources, digital library, financial information systems and business consulting, among others.
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- GAAP and IFRS have failed to provide rules for reliable financial statement reporting
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