“??”??????????,????!??“???”???????

??

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

??????:???

?????????

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

????????