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??,???“??+????”???????????
???????:?????????????
????:2016????????10?3.3
????????:????????????
???????:H7N9?????????????
??124-114??????1-0????29+7…
???????2018???????????
???:????????????????
???\"?????\"??:??10?????9?…
????????????:?????????
???:????????????????
????:?????????27???
???????
??????????????????????
??????????27??????????
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??????????:?????????
76???:????????????????
????????????????60???
???????
????????????!????????
??:???????10?????
???:??????????????????
??1?????????5.5%
????????10?IPO????????63??
???24???:??????????????
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