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