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

�????�??,???!???????�??????????�??

??: ????

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

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