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

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

??

??:???????????,??????????,??????????????