In action recognition tasks, feature diversity is essential for enhancing model generalization and performance. Existing methods typically promote feature diversity by expanding the training data in the sample space, which often leads to inefficiencies and semantic inconsistencies. To overcome these problems, we propose a novel Coarse-fine text co-guidance Diffusion model (CoCoDiff). CoCoDiff generates diverse yet semantically consistent features in the latent space by leveraging diffusion and multi-granularity textual guidance. Specifically, our approach feeds spatio-temporal features extracted from skeleton sequences into a latent diffusion model to generate diverse action representations. Meanwhile, we introduce a coarse-fine text co-guided strategy that leverages textual information from large language models (LLMs) to ensure semantic consistency between the generated features and the original inputs. It is noted that CoCoDiff operates as a plug-and-play auxiliary module during training, incurring no additional inference cost. Extensive experiments demonstrate that CoCoDiff achieves SOTA performance on skeleton-based action recognition benchmarks, including NTU RGB+D, NTU RGB+D 120 and Kinetics-Skeleton.