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%?
???????????????????????????:“2024????????????11?????????????,?,?,????????,?????????????????,??,?2024????”
“??????????,????,??,????????????,??????????????”????,“??????,???”
???????????:“???????????????????2025????????????????????,???”
11??????????,?????????????????,«??»«?????????????????»???????????????????,??,?????
“2024???????????,??????,????2025?????”??????????????,????????,????????2025???
“??????+????????”???? ????
???????
?????2024??????,??????????????????????????????????????????,???12??????????
????,????????????,?????«??????????????????????»?????????,????2024???????????“????”?14????????????«??»??,?????????????????????“?”?????????????????????????,«????????????»?;«????»«????????»??????,????????????????9500????9000?
????????????????????????????????????????,??????????????«???????????????»????«???:???????»??????????????????«??????????????????????»????????????????????????????,???«??????»??????????????????«???????????????????2024»??,?????IP????????????,????????????????,???«???3D»???,?IP«????»«?»????????????
?????,????????,???????????????????????????????????,??????????App??????????,????????????????????????????????,?????????????????,???????????????95%?????,???????????2024???????????12?????????,?????????????????,?,????????????????????
??????«??????»???????2024????,?????????????«??»???????????,??????????????????,??????,2025???
???????????“?+??”?????,?????????;????????,??????????,??,??????????
??????? ?????????????????“??+???”??
2024?????????????????,??41.0?????11??,?????,???????????,??????????5??????????????,???????????????????????????,?????????????????,???????????????,???????????????,???,???????????,????????????,?????????VIP?????????
?????????????????????,????????????????????????????????????30%???????,????????,????????????????????????????50%?2025??????????????????,??????????????????????,??????????????,2025??????????????
????,??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???
????????,2025??????,????“???+????????”??
???:??
IMF:?????????,???????
????23?????????????
????????????“????”???
?????????????:???????
?·???!???????????????
????????????????????
????23?????????????
????!?????????????????
????12????????????????4500…
????????????????
??:?????????????????
???:??????????????????
“????”???????????????
?????????????????????
??????????3???????????
????????????:????
??:??“??”????????????
???????????????26????
????12?????????????????
????:???????????????
????????????????????
??:?????????????????
???????????????26????
???????????????????
????23?????????????