“??????????”????,??!???“??”???????

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