“??”???,??????????!????“???????”??

??

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

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

?????????

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

????????