ShiFang Holding Limited provided earnings guidance for the year ended 31 December 2013. The company expected to record a loss for the year ended 31 December 2013. Based on information currently available to the group, the anticipated loss was mainly attributable to including, (a) The China macroeconomic growth was slowed down, newspaper advertising industry continued to decline due to the impact of new network media; (b) decline in business revenue; (c) the continuing uncertainty in the recoverability of certain trade receivables and the continuing need to record a provision for bad debts; and (d) uncertainty in the recoverability of certain deposits and other receivables due from contracted business partners and the need to record a provision for those deposits and other receivables.