????:1???????????:????????

2???????

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

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