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

???:?????

??

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