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

�???????�???,??!??????????�??�????

??: ????

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

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