Analysis of the Strong Performance of Dooke Culture (301025): Policy-driven Growth Coexists with Fundamental Concerns

Dooke Culture (301025) has recently entered the strong stock pool, and its performance is driven by multiple factors:

1. Policy Catalysis
   : The introduction of the “National Reading Promotion Regulations” has driven the collective strength of media concept stocks, and the company has gained market attention as a beneficiary [2];
2. Market Sentiment
   : On November 28, 2025, the stock once hit a 20CM daily limit, and trading activity increased significantly [0];
3. Indirect Media Exposure
   : Huayuhua, an affiliated party of the actual controller, attracted media attention due to the Luo Yonghao controversy, which indirectly increased the attention on the company’s stock [3][5].
   However, the company’s fundamentals are weak: The 2025 interim report shows that both revenue and net profit have declined significantly [0][5], which is in sharp contrast to the market heat.

• Significant Short-term Policy Effect
  : The boosting effect of the national reading policy on the media sector is directly reflected in the stock price, but it is necessary to observe the sustained impact after the policy is implemented;
• Deviation Between Fundamentals and Market Performance
  : The company’s performance decline contrasts with the strong stock price, indicating the short-term nature driven by market sentiment;
• Digital Transformation Opportunities
  : The growth of the e-book and audiobook market brings transformation space for the industry, but the company’s layout and effectiveness in this field are not yet clear [4].

1. Sustained Deterioration of Fundamentals
   : The double decline in performance may affect long-term valuation [0][5];
2. Fading Policy Effect
   : Risk of correction after short-term policy catalysis;
3. Negative Turn of Media Attention
   : If the Huayuhua controversy continues to ferment, it may have an adverse impact on the company’s brand and stock price [3][5].

• Digital Content Transformation Window
  : Under the industry trend, if the company can accelerate the layout of e-books, audiobooks and other businesses, it may open up new growth space [4].

The strong performance of Dooke Culture (301025) is mainly due to short-term policy and market sentiment factors. Investors need to rationally view the deviation between market heat and the company’s fundamentals. Policy dividends and digital transformation opportunities are worthy of attention, but weak fundamentals and potential controversy risks need to be vigilant.