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?????

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

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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