????:1??????:??????

2?????98???

3???95

4???????

5?????????

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??????,????“?????+???????”?????

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