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????

  “????+??”?????? ?????????

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

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