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

????????:??? “???????????”_????

?? “???”??,???????!??“??????????”????

????:1????????????:????

2???????????

3????????????

4??????????

5???????VX

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

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