Group 1 - The core viewpoint of the article highlights that Shifang Holdings (01831.HK) reported a significant decline in financial performance for the year ending June 30, 2025, with a revenue of approximately RMB 71.3 million and a net loss of RMB 42.3 million, compared to a loss of RMB 18.2 million for the eighteen months ending June 30, 2024 [1] - The company recorded a basic loss per share of RMB 0.043 for the year ending June 30, 2025, which is an increase from RMB 0.015 for the eighteen months ending June 30, 2024 [1] - The board of directors has decided not to recommend any final dividend for the year ending June 30, 2025, reflecting the company's financial difficulties [1] Group 2 - The advertising industry is undergoing rapid changes due to technological advancements and shifts in market conditions, leading to a decline in traditional media such as newspapers, radio, and television [1] - Mobile internet and new media have emerged as dominant forces in the advertising sector, negatively impacting the company's performance during the reporting period [1] - Overall, the adverse operating environment has contributed to the continued deterioration of the company's business performance [1]