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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