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

2???????????

3?400??????

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??,???“??????+?????????????????”?????

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