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