�????�???????,??!??�??????????�???-????-(??)

�????�???????,??!??�??????????�???

??: ????

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

�???�?,?!????????????????????�?�??