�?????????�????

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

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

�????�???,??????????????????!????�???????�????