“???”??????????,???????!????“??”??

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

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