????:1????????:????12?????

2???????100?????

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%?

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

???:?????????