?? ???2024??292.3????????:? “????????+????”?
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????:1??????3000?:?????24????
2??????95?
3?????????
4???????????
5????????
2??????18???????????????????,???????(NASDAQ:IQ)????????????2024???12?????????????????????31??????292.3????,Non-GAAP(??????)???????????????????23.6??????,Non-GAAP?8%,???????????????????????????????,????????,???????66.1??,Non-GAAP???????????4.1???,Non-GAAP?????????6%?
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??????????????????????????:“2024??????11?,??,????????????????????,?????????????????????????,???????????????,???????,???????????????????????????2024???????????????”
“????,???????,?????????????,????,???????????”??,“????,??”
????????????:“????????????????2025?????????????????,???????”
11?????????????,????????,«???»«????????????????»??????????????????????????,?????????,???????
“2024?????????????????????,?????,????2025????????????????????”???????????????????,??????????????????????,????2025?????
“?+????”? ?????????????
???????
?????2024??????,??????????????????????,?????????????????????12?????
?????????,?????????,?????????????«???????????????????????????»????,??????2024??“??????????”?14??«??????»??????????,??????????????????“????”??????,«????»??????????????????;«????????????»«?????»??????????????,?????9500??9000?
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??????????????????????????????????????,???????????????«????»???«??:?»??????????????????????«?????»????????????????????????????????,????????????«????????????»????«????????????2024»??????????????????,?????????????IP????????,??????????,?????????????????«??3D»??????????????????,??IP«?»«????????»????????????????
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?????,??????,??????????????????????,?????????????????????????????????????App?????,???????,????,????????????95%?,??2024??12?????????,????????,????,??????????????????????????
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????«???»??????????????????2024????,???«????????????»???????,?????????????,??????????????,2025??????
????“???????????????+???”???????,?????????;?,?????,??????????,?????????????
?????????? ????“????????????+???????????????”????????
2024????????????????????,??????41.0?????????11?,??????????????????????,??????????,???????5?????????,???????????????????,??????????,????????????,???????,???????,??????????????????????,??????????????,??VIP???????????????
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??????????????????????????????,???????????????????30%??????,???????????,?????????????50%?2025??,????????,??????,2025???????????????
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???,????????14.3????????,??7%?????,??????????????????????,??????,??????????,?????“?????????????????”?????????40%,????????30%????,????????AI?????????,???????
??,?,???4.1??6.7????????,????????Non-GAAP??4.1?????????,?10%?
???????:“??????????????????????2025??????,???”
2025???????? ????
????,2025?????
???,???????????????????????????????????«???»«?????»«????????????»????????????????????????????,«???»?????????????????IP??????????«????»«??????????????»????????????????«??»«??»«????????????????»«??????????»?????????????????“???????????”??«????????»«??»«????»«?»«????»«??????????????????????»??????????,???????,???????IP??????????????????1?«?»??????,????8000,???????“????????????????????N????”?????????????????IP??????????????????,«?????????????????3»«?????????5»«?????????2025»?????????????«???????????2»???????????????,??????????????????,??????????????«????»«????????????????????????»«?????????????????»??????????????????????«????3»???????????????????????????????
???????,??????????????????????????,AI????5000??????????????,????????,????????????????????????,??,??“?????????”?????????,???????????;«???»«????»????????????,?????????????????,????????IP??????????VR????????????????
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??????,2025???????,??????????????“?????????+?????”????????
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