Search results

This study aims to inform prospective listing firms, investors and regulators of the unique drivers of Chinese initial public offering (IPO) pricing on the Hong Kong Exchange.

Using a hand-collected IPO dataset, we investigate whether information uncertainty or investor exuberance drives underpricing and Chinese IPOs’ performance from 2002 to 2015, including 114 state-owned enterprises (SOEs).

Contrasting with the “listing bubble” in the China domestic stock market, generated by the overoptimism of retail investors, we highlight a “placing bubble” among Chinese firms listed in Hong Kong. This is driven by institutional investors’ buoyant demand for Chinese IPO shares, particularly those of SOEs. Chinese listing firms employ discreet earnings management strategies with their working capital accounts to smooth pre-IPO earnings, which becomes apparent to the market only in the long term.

This study is the first to examine the pricing of sought-after Chinese IPOs among international investors, who face various restrictions when investing in the Chinese domestic stock market. Additionally, it is the first study to measure earnings management using hand-collected pre-IPO data in IPO underpricing studies.

This study aims to design a small-size conformable flexible micro-electro-mechanical system (MEMS) vector hydrophone to meet the miniaturization requirements of unmanned underwater vehicle.

The cilia receive the acoustic signal to oscillate to cause changes in the stress on the beam, which in turn causes changes in the piezoresistive resistance on the beam, and changes in the resistance cause changes in the output voltage.

The results show that the flexible hydrophone in the paper has a sensitivity of −182 dB@1 kHz (re 1V/µPa) at 1 Pa sound pressure, can detect low-frequency hydroacoustic signals from 20 to 550 Hz and has good spatial directivity, and the flexible substrate permits the hydrophone to realize bending deformation, which can be well attached to the surface of the object.

In this study, a finite element simulation model of the hydrophone microstructure is constructed and its performance is verified by simulation. The success rate of the proposed MEMS transfer process is as high as 94%, and the prepared piezoresistors exhibit excellent resistance characteristics and high consistency. These results provide innovative ideas to enhance the performance and stability and achieve miniaturization of hydrophones.

For robots to more actively interact with the surrounding environment in object manipulation tasks or walking, they must understand the physical attributes of objects and surface materials they encounter. Dynamic tactile sensing can effectively capture rich information about material properties. Hence, methods that convey and interpret this tactile information to the user can improve the quality of human–machine interaction. This paper aims to propose a visual-tactile cross-modal retrieval framework to convey tactile information of surface material for perceptual estimation.

The tactile information of a new unknown surface material can be used to retrieve perceptually similar surface from an available surface visual sample set by associating tactile information to visual information of material surfaces. For the proposed framework, the authors propose an online low-rank similarity learning method, which can effectively and efficiently capture the cross-modal relative similarity between visual and tactile modalities.

Experimental results conducted on the Technischen Universität München Haptic Texture Database demonstrate the effectiveness of the proposed framework and the method.

This paper provides a visual-tactile cross-modal perception method for recognizing material surface. By the method, a robot can communicate and interpret the conveyed information about the surface material properties to the user; it will further improve the quality of robot interaction.

Currently, various detection technologies for unmanned underwater vehicles are highly susceptible to environmental impacts. Wake detection technologies have gradually gained attention and development. However, the clarity of detection results remains a challenge. This paper aims to present the design of a MEMS three-dimensional vector wake sensor. Compared to similar sensors, the MEMS three-dimensional vector wake sensor offers improved propeller wake measurement capabilities.

A MEMS three-dimensional vector wake sensor inspired by the fish lateral line system is designed. This paper discusses the working principle of the sensor. Finite element simulation is used to determine the optimal dimensions of the sensor’s sensitive chip and packaging structure. In addition, the wake environment is simulated for performance testing.

Flow velocity calibration test results confirm that the MEMS three-dimensional vector wake sensor exhibits high sensitivity, achieving 1727.6 mV/(m/s). Vector capability tests show that the data consistency in the same direction reaches 91.8%. The sensor demonstrates strong vector detection capability.

The MEMS three-dimensional vector wake sensor plays a critical role in the formation control of unmanned underwater vehicle fleets and target detection.

This study focuses on applications for unmanned underwater vehicles. It enhances the detection capabilities of unmanned underwater vehicles. This is of significant importance for future deep-sea target detection.

Human-induced marine environmental noise, such as commercial shipping and seismic exploration, is concentrated in the low-frequency range. Meanwhile, low-frequency sound signals can achieve long-distance propagation in water. To meet the requirements of long-distance underwater detection and communication, this paper aims to propose an micro-electro-mechanical system (MEMS) flexible conformal hydrophone for low-frequency underwater acoustic signals. The substrate of the proposed hydrophone is polyimide, with silicon as the piezoresistive unit.

This paper proposes a MEMS heterojunction integration process for preparing flexible conformal hydrophones. In addition, sensors prepared based on this process are non-contact flexible sensors that can detect weak signals or small deformations.

The experimental results indicate that making devices with this process cannot only achieve heterogeneous integration of silicon film, metal wire and polyimide, but also allow for customized positions of the silicon film as needed. The success rate of silicon film transfer printing is over 95%. When a stress of 1 Pa is applied on the x-axis or y-axis, the maximum stress on Si as a pie-zoresistive material is above, and the average stress on the Si film is around.

The flexible conformal vector hydrophone prepared by heterogeneous integration technology provides ideas for underwater acoustic communication and signal acquisition of biomimetic flexible robotic fish.

This paper aims to present the design of a micro-electro-mechanical system (MEMS)-based three-dimensional combined vector hydrophone tailored for unmanned underwater vehicles (UUVs). The proposed design addresses the left-right ambiguity inherent in conventional MEMS hydrophones and enhances acoustic sensing capabilities to support improved UUV performance in underwater environments.

A novel MEMS-based three-dimensional vector hydrophone (M3DH) is proposed, integrating a highly sensitive MEMS chip with a piezoelectric ceramic-based scalar channel. A theoretical model of the hydrophone’s packaging was developed, and its acoustic performance was analyzed through COMSOL Multiphysics 6.2 simulations. Experimental validation of the hydrophone’s sensitivity and directional characteristics was conducted in a standing wave tank.

The MEMS-based three-dimensional combined hydrophone (M3DH) achieved a triaxial vector channel sensitivity of −175.6 dB at 800 Hz (re 1 V/µPa) and a scalar channel sensitivity of −186.3 dB (0 dB = 1 V/µPa). In addition, at 500 Hz, the vector channel exhibited a distinct “8”-shaped directivity pattern, whereas the scalar channel maintained a circular omnidirectional response. The hydrophone demonstrated excellent acoustic performance in three-dimensional space, effectively providing comprehensive acoustic information for small underwater platforms.

This research addresses the left-right ambiguity issue in MEMS hydrophones by presenting an MEMS-based three-dimensional combined hydrophone designed for integration into UUVs, offering an innovative solution to enhance underwater acoustic sensing capabilities in small platforms.

The purpose of this paper is to present a novel nitrile butadiene rubber (NBR) packaging structure, which can solve the problems of the low sensitivity, narrow frequency band and fluctuating frequency response curve of the MEMS bionic vector hydrophone.

A 0.05-mm-thick NBR sound-transparent cap was designed by theoretical analysis and simulation to reduce the signal attenuation caused by the packaging structure, and the frequency band of the hydrophone has been extended to 4 kHz. In this work, the vector hydrophone was fabricated by the MEMS technology and packaged with the NBR sound-transparent cap. The performance indicators were calibrated in the National Defence Underwater Acoustics Calibration Laboratory of China.

The results show that the sensitivity of NBR-packaged hydrophone reaches −170 dB (±2 dB), and the difference is less than 1 dB compared to bare chip. And the frequency band is 50 Hz-4 kHz. The hydrophone also has good directional pattern in the form of an 8-shape, and the pressure-resisting ability is more than 2 MPa.

The packaging structure significantly increases the sensitivity of the hydrophone and broadens the frequency band, providing a new method in the packaging design for MEMS hydrophone.

In recent years, the incidence of cardiovascular disease has continued to rise, and early screening and prevention are especially critical. Phonocardiography (PCG) and electrocardiography (ECG), as simple, cost-effective and non-invasive tests, are important tools for clinical analysis. However, it is difficult to fully reflect the complexity of the cardiovascular system using PCG or ECG tests alone. Combining the multimodal signals of PCG and ECG can provide complementary information to improve the detection accuracy. Therefore, the purpose of this paper is to propose a multimodal signal classification method based on continuous wavelet transform and improved ResNet18.

The classification method is based on the ResNet18 backbone, and the ResNet18 network is improved by embedding the global grouped coordinate attention mechanism module and the improved bidirectional feature pyramid network. Firstly, a data acquisition system was built using a MEMS-integrated PCG-ECG sensor to construct a private data set. Second is the time-frequency transformation of PCG and ECG synchronized signals on public and private data sets using continuous wavelet transform. Finally, the time-frequency images are categorized.

The global grouped coordinate attention mechanism and bidirectional feature pyramid network modules proposed in this paper significantly enhance the model’s performance. On public data sets, the method achieves precision, sensitivity, specificity, accuracy and F1 score of 97.96%, 98.51%, 97.58%, 98.08% and 98.23%, respectively, which represent improvements of 3.54%, 3.92%, 4.18%, 4.03% and 3.72% compared to ResNet18. Additionally, it demonstrates a clear advantage over existing mainstream algorithms. On private data sets, the method’s five metrics are 98.15%, 98.76%, 98.08%, 98.42% and 98.45%, further validating the model’s generalization ability.

The method proposed in this paper not only improves the accuracy and efficiency of the test but also provides an effective solution for early screening and prevention of cardiovascular diseases.

This study aims to simulate and test the performance of a transmitting and receiving capacitive micro-machined ultrasonic transducer (CMUT). Aimed at detecting demand of the CMUT, a matched integrated adjustment circuit was designed through analyzing processing methods of transducer’s weak echo signal.

Based on the analysis of CMUT array structure and work principle, the CMUT units are designed and the dynamic performance analysis of SIMULINK is given according to the demand of underwater detecting. A transceiver isolation circuit is used to make transmission mode and receiving mode separate. A detection circuit is designed based on the transimpedance amplifier to achieve extraction of high-frequency and weak signal.

Through experimentation, the effectiveness of the CMUT performance simulation and the transceiver integrated adjustment circuit were verified. In addition, the test showed that CMUT with 400 kHz frequency has wider bandwidth and better dynamic characteristics than other similar transducers.

This paper provides a theoretical basis and design reference for the development and application of CMUT technology.

Ciliated microelectromechanical system (MEMS) vector hydrophones pick up sound signals through Wheatstone bridge in cross beam-ciliated microstructures to achieve information transmission. This paper aims to overcome the complexity and variability of the marine environment and achieve accurate location of targets. In this paper, a new method for ocean noise denoising based on improved complete ensemble empirical mode decomposition with adaptive noise combined with wavelet threshold processing method (CEEMDAN-WT) is proposed.

Based on the CEEMDAN-WT method, the signal is decomposed into different intrinsic mode functions (IMFs), and relevant parameters are selected to obtain IMF denoised signals through WT method for the noisy mode components with low sample entropy. The final pure signal is obtained by reconstructing the unprocessed mode components and the denoising component, effectively separating the signal from the wave interference.

The three methods of empirical mode decomposition (EMD), ensemble empirical mode decomposition (EEMD) and CEEMDAN are compared and analyzed by simulation. The simulation results show that the CEEMDAN method has higher signal-to-noise ratio and smaller reconstruction error than EMD and EEMD. The feasibility and practicability of the combined denoising method are verified by indoor and outdoor experiments, and the underwater acoustic experiment data after processing are combined beams. The problem of blurry left and right sides is solved, and the high precision orientation of the target is realized.

This algorithm provides a theoretical basis for MEMS hydrophones to achieve accurate target positioning in the ocean, and can be applied to the hardware design of sonobuoys, which is widely used in various underwater acoustic work.