Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The company is confident in its future development and aims to create long - term value for shareholders through various strategies such as enhancing operation management, expanding business, and strengthening brand building [24][26][27] - The company will continue to deepen its "creative industrialization" and "Dooker Method" advantages, optimize product structure, and explore new business models to maintain its leading position in the book publishing industry [26] - The company will increase investment in digital content business, expand its channels and platforms, and innovate its commercialization models to adapt to the digital reading trend [25][31] 3. Summaries by Relevant Catalogs 3.1. Research Basic Situation - Research object: Dooker Culture, belonging to the cultural and media industry [17] - Reception time: May 20, 2025 - Listed company reception personnel: Chairman Hua Nan, General Manager Fu Li, Board Secretary Liu Baorui, Financial Controller Ding Fangfang, and Sponsor Representative Yang Xinqiang [17] 3.2. Detailed Research Institutions - The reception objects include investors' online questions and others [20] 3.3. Research Institution Proportion No information provided. 3.4. Main Content Data - Shareholder reduction: Shareholders' reduction is due to personal capital needs. The company and management are optimistic about the company's future [24] - Digital content business growth: In 2024, the growth was mainly due to the internal creative pipeline and paper - e - audio linkage. In the future, the company will increase investment, expand cooperation, and innovate business models [24][25] - 2025 business plan: The company will deepen advantages, optimize product structure, strengthen copyright operation, and expand digital content business to consolidate its leading position [26] - Transformation plan: The company focuses on its main business and will consider appropriate operations according to industry development and its own strategy. It will disclose stock repurchase plans in a timely manner [27] - Contribution to the industry: The company promotes industry innovation through "creative production lines", sets an example in content and operation, and contributes to cultural inheritance and exchange [27] - IP project progress: In 2024, 13 projects were exported overseas, and 2 film and television copyright projects were implemented [28] - Future development strategy: The company will enhance creative production, deepen operation, expand markets, and explore new business models [28] - Competition response: The company will create high - quality content, strengthen copyright reserves, and integrate resources [28] - Competitive advantages: The company has advantages in variety efficiency, creative production line models, operation strategies, and copyright reserves [29][30] - Market expansion and brand influence: Through refined operation, the company creates a positive cycle, discovers potential works, and conducts precise marketing [30] - Business development in the market adjustment: The company will promote "creative industrialization", focus on content, strengthen copyright reserves, and increase investment in digital content [30][31] - Refined operation success cases: In 2024, the sales of "Eighteen - year - old Going Out for a Journey" exceeded 500,000 copies, and the commercial value of Yu Hua's copyright was enhanced [31][32] - Copyright development and IP operation: The company maintains long - term cooperation with international copyright agents and explores domestic copyright upstream to develop IP [32][33] - International market expansion: The company entered the international market in 2012 and will strengthen cooperation and explore new models in the future [33] - Growth and market value: The company is confident in development, plans to distribute dividends, and will conduct market value management in accordance with regulations [34] - Impact of the "Regulations on Promoting National Reading": The regulations create a good policy environment. The company will evaluate the application of AI technology [34] - Business loss reduction: In 2024, the digital content business had positive growth, and the paper - book business improved profitability through optimization [35] - Reasons for turning losses into profits: In 2024, the company adjusted strategies, optimized products, and controlled costs to achieve profitability [35][36][37]
读客文化分析师会议-20250520