??
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???????,??????“????+???????????”??
?????:?????????????????
??????2024???292.3??:? “????????+????????”?????????????????