�??�????,??!???�???????�??????????-????-(??)

�??�????,??!???�???????�??????????

??: ????

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

�?????????????�??,?????????!?????????????????????�????????�?