?(?? ???? ???? ???????)??,????????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???????????:2023??gm??

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,????????,??????????????????

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