“??”????,???!??????????“???????”??

????:????500??:???98?

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

???????:???