“??????????”???,???????!??“??”????

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

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

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