“??”???????,??????????!???“????”??

?????????(?? ??? ?????????????????? ??)??????,?????????????????????1????31??13?15??,2025??????(????)???????60??????????????????????,??????????????

«?????????????»«????1900»«???:??»????????????????2025??«?????:????»«?????»«???????1900»«???»«????????»«??:????????????????»???

???,??????????????????????????????????????????,??????????????????????????????????????IP,??????,??

???????????????

?,?,??????????????????«????????????????1900»?300????,???????????????????????1900???«?????????????»1:1????????????120?????????????????????????11???????????16???????????????????“??????”,??????????????«??????»?????«???????????:????????»??,??????????900???????50?????????????????2000??????,???????????????

?????6??,??????5??IMAX?CINITY?????????,??????????“???????????”??????????,?????“?????”??,?????

?????????:?????????,IMAX???4540?????????,???????«???????????????:???»IMAX??,???????40%??????1?29????????????19???????,????????????????????IMAX?????????????????7000??,??????????3808????,??2.8%?4.1%,???

?????

?,??,?????????«??????????:?????????????»??,??;«??»?,???????;«????»?,??“????????”??,???????,???????,???????,????,?????????????????????

?IP???????

???IP(Intellectual Property)?

????????????“?????”????????????????2015??????????????,???????????????2018?????2021????,????????????????,???????“????”??????IP?????

2019?????????????????«?????»????????50.7?????????????????,???,????«?»??????,????

2023??«????»???????,????25????,????????????????????????????????«????????????????:????????»??????“??????”????,????????????????????

????????,???,?????????????IP,???????????,????,????007?????????????????????IP?

???????:????,?IP??,???????????????,???????«??????????:??»??????????,?????????????????IP?????

????

2025???????,???

?????3300?????,?????????????1?29??(???)????????2??????????????????16??(?)??,??,????,???300???????,????250????????????????????

?3800?????,??????,???????????20???????????????2500??,???????????4000???????????????????,????????????????????????????,???????,??????????,?????

??“???”?

???,2024??????425.02?????????,??????2024?(2????????10????????????-2????17??)?80.16????,???????????????????????,????,??????2022-2024????,2024?????????,?????????????????????????,????????,????2018??????????10%????2024?19%,???????????????????????????????,6???????,?????

?,??,2025??????????????,????????????????2025????85.4???????,???????6.7%,???????????,????2025?;?,?????????84?????????,???????????????????????????????????,????????????????????????

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

??????,?????????????,??????????,??????????????????????

??,????,???,?????,?????????????????????????,???????????,?????????????????,??????????

??????????“???????”????????????????“????”?????????????,???????,????????«????»????,??????????????,????????????????«????????????»??????50.35????????????????????,???,????????????????????????????24??,25???,??????“????”???????????;«???????????1900»??,????????????,???????????????,????2025??,??????????????,?????????9???????9.2??????????????????,??“????????”,????????????????????????????,?????????????,?“????????????????”?????????????,?2024??2026?49???66.1???????????????87.3???????,??,??????????????(???)+?????(???????????)+???(????????)???????,???????,????????????????????,????????,??

2025?????????????????

1????29????(?????)??18.05??,???????????????3515??????????,????,???????????????2021??????????????????????????????2024??????????????????80.16???,???????????,???

?????:«?????????»??55????,«??1900»?????????????????«?????????????:????????????????»??36?15?????

?,????????????????2024???????80????????,???????????

??,????????????,????,?????????????,????,?????????IP,????,????