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??????????????????

  “???????????+????”????? ?????????????

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??????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????????????,????“???????????????+???”???????

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