“????”???????,??????????!???“??”??

??

???????(?????????? ?????????????????? ???????????????? ???????)??,?????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,?,??????????

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

?????????

?????“????”???????,??????????!???“??”???????

????????