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

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

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