:root {
  --moutai-red: #9a312f;
  --moutai-red-soft: #f4e8e6;
  --evidence-gold: #a77b32;
  --paper-blue: #eef3f5;
  --research-ink: #122538;
  --research-muted: #5e6e7d;
  --research-line: #d4dde3;
}

.bank-page {
  --moutai-red: #006a73;
  --moutai-red-soft: #e4f2f2;
  --evidence-gold: #bd7d2a;
  --paper-blue: #edf3f4;
  --research-ink: #102f3b;
  --research-muted: #58717a;
  --research-line: #cfdde0;
}

.bank-page .company-hero::before { color: rgba(0,106,115,.035); }
.bank-page .research-seal { border-style: double; border-width: 5px; }

.tech-page {
  --moutai-red: #1768a8;
  --moutai-red-soft: #e8f2fa;
  --evidence-gold: #a9782b;
  --paper-blue: #edf3f7;
  --research-ink: #102b43;
  --research-muted: #596d7d;
  --research-line: #cfdbe4;
}

.tech-page .company-hero::before { color: rgba(23,104,168,.038); }
.tech-page .research-seal { border-radius: 48% 48% 46% 46%; }
.tech-page .dividend-highlight { background: var(--research-ink); }
.tech-page .dividend-highlight span,
.tech-page .dividend-highlight small { color: #b9cfdf; }
.tech-page .dividend-highlight strong { color: #fff; }

.battery-page {
  --moutai-red: #16705a;
  --moutai-red-soft: #e6f3ed;
  --evidence-gold: #9a772e;
  --paper-blue: #edf4f1;
  --research-ink: #12362f;
  --research-muted: #58736c;
  --research-line: #ccded8;
}

.insurance-page {
  --moutai-red: #cf5b2a;
  --moutai-red-soft: #f8ebe3;
  --evidence-gold: #9f7628;
  --paper-blue: #f5f0eb;
  --research-ink: #3a2a25;
  --research-muted: #75665f;
  --research-line: #e2d6cf;
}

.telecom-page {
  --moutai-red: #067a63;
  --moutai-red-soft: #e4f2ee;
  --evidence-gold: #9c792d;
  --paper-blue: #edf4f2;
  --research-ink: #143832;
  --research-muted: #5a756f;
  --research-line: #cdded9;
}

.appliance-page {
  --moutai-red: #146aa3;
  --moutai-red-soft: #e7f1f8;
  --evidence-gold: #9b762b;
  --paper-blue: #edf3f7;
  --research-ink: #153348;
  --research-muted: #5d7180;
  --research-line: #cfdae2;
}

.mining-page {
  --moutai-red: #996128;
  --moutai-red-soft: #f3eadf;
  --evidence-gold: #8c6c2c;
  --paper-blue: #f2f0ec;
  --research-ink: #382f27;
  --research-muted: #73685e;
  --research-line: #ded7ce;
}

/* 五家样板色：保留行业版式，仅将指定样板报告统一为贵州茅台的深红、纸蓝与墨色。 */
.moutai-colorway {
  --moutai-red: #9a312f;
  --moutai-red-soft: #f4e8e6;
  --evidence-gold: #a77b32;
  --paper-blue: #eef3f5;
  --research-ink: #122538;
  --research-muted: #5e6e7d;
  --research-line: #d4dde3;
}

.moutai-colorway .company-hero::before { color: rgba(154,49,47,.035); }
.moutai-colorway .research-seal {
  border: 2px solid var(--moutai-red);
  border-radius: 0;
  box-shadow: none;
  transform: none;
}
.moutai-colorway .dividend-highlight { background: transparent; }
.moutai-colorway .dividend-highlight span,
.moutai-colorway .dividend-highlight small { color: var(--research-muted); }
.moutai-colorway .dividend-highlight strong { color: var(--research-ink); }

/* 贵州茅台单页试色：仅替换大面积深色信息面板，不改变正文墨色。 */
.moutai-blue-panel { --research-panel: #243e52; }
.moutai-blue-panel .income-panorama > header span,
.moutai-blue-panel .income-panorama > header p,
.moutai-blue-panel .capital-flow span,
.moutai-blue-panel .spread-bridge .spread-result span,
.moutai-blue-panel .spread-bridge .spread-result small { color: #d1dde5; }
.moutai-blue-panel .evidence-equation b,
.moutai-blue-panel .capital-flow i { color: #9fb1bf; }

.battery-page .research-seal,
.telecom-page .research-seal { border-radius: 46% 46% 44% 44%; }
.insurance-page .research-seal { border-style: double; border-width: 5px; }
.appliance-page .research-seal { border-radius: 2px; box-shadow: inset 0 0 0 8px #fff, inset 0 0 0 9px currentColor; }
.mining-page .research-seal { transform: rotate(-1deg); }

.segment-stack { display: grid; gap: 9px; }
.segment-stack > div {
  position: relative;
  display: grid;
  grid-template-columns: 180px 190px 1fr;
  gap: 20px;
  align-items: center;
  min-height: 54px;
  padding: 12px 16px;
  border: 1px solid var(--research-line);
  overflow: hidden;
}
.segment-stack > div::before {
  content: "";
  position: absolute;
  inset: 0 auto 0 0;
  width: var(--share);
  background: var(--moutai-red-soft);
  opacity: .8;
}
.segment-stack span, .segment-stack strong, .segment-stack small { position: relative; z-index: 1; }
.segment-stack span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.segment-stack strong { font: 600 16px/1.3 var(--display); }
.segment-stack small { color: var(--research-muted); font-size: 10px; }
.tech-business-grid { margin-top: 24px; }
.tech-timeline { margin-top: 26px; }

.ownership-grid { display: grid; grid-template-columns: repeat(3, 1fr); border-top: 1px solid var(--research-ink); border-bottom: 1px solid var(--research-ink); }
.ownership-grid article { padding: 22px; border-right: 1px solid var(--research-line); }
.ownership-grid article:last-child { border-right: 0; }
.ownership-grid span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.ownership-grid strong { display: block; margin: 22px 0 10px; font: 600 18px/1.4 var(--display); }
.ownership-grid p { margin: 0; color: var(--research-muted); font-size: 11px; line-height: 1.8; }

.capital-dashboard { display: grid; grid-template-columns: repeat(3, 1fr); margin-top: 25px; border: 1px solid var(--research-line); }
.capital-dashboard article { padding: 23px; border-right: 1px solid var(--research-line); }
.capital-dashboard article:last-child { border-right: 0; }
.capital-dashboard .dividend-panel { background: var(--moutai-red-soft); }
.capital-dashboard span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.capital-dashboard > article > strong { display: block; margin: 25px 0 7px; font: 600 29px/1 var(--display); }
.capital-dashboard h3 { margin: 0 0 16px; font: 600 13px/1.5 var(--display); }
.capital-dashboard p { margin: 0; color: var(--research-muted); font-size: 11px; line-height: 1.8; }
.capital-dashboard p strong { color: var(--moutai-red); }
.capital-flow { display: grid; grid-template-columns: 1fr 30px 1fr 30px 1fr 30px 1fr; align-items: center; margin-top: 20px; padding: 18px; background: var(--research-panel, var(--research-ink)); color: white; text-align: center; }
.capital-flow span { color: #b9cfdf; font-size: 9px; line-height: 1.6; }
.capital-flow strong { color: white; font: 600 12px/1.5 var(--display); }
.capital-flow i { color: #76a9d2; font-style: normal; }
.calculation-note { display: grid; grid-template-columns: 150px 1fr; gap: 20px; margin-top: 24px; padding: 18px; border-left: 3px solid var(--evidence-gold); background: #f8f3e9; }
.calculation-note span { color: var(--evidence-gold); font: 10px/1.4 var(--mono); }
.calculation-note p { margin: 0; color: var(--research-muted); font-size: 11px; line-height: 1.75; }

@media (max-width: 760px) {
  .segment-stack > div { grid-template-columns: 1fr; gap: 7px; }
  .ownership-grid, .capital-dashboard { grid-template-columns: 1fr; }
  .ownership-grid article, .capital-dashboard article { border-right: 0; border-bottom: 1px solid var(--research-line); }
  .ownership-grid article:last-child, .capital-dashboard article:last-child { border-bottom: 0; }
  .capital-flow { grid-template-columns: 1fr; gap: 10px; }
  .capital-flow i { transform: rotate(90deg); }
  .calculation-note { grid-template-columns: 1fr; gap: 8px; }
}

.bank-balance-sheet {
  display: grid;
  grid-template-columns: 1fr 74px 1fr;
  margin-top: 22px;
  border: 1px solid var(--research-line);
  background: #f8fafb;
}
.bank-balance-sheet > .balance-period {
  grid-column: 1 / -1;
  display: flex;
  align-items: end;
  justify-content: space-between;
  gap: 24px;
  padding: 16px 28px;
  color: white;
  background: var(--research-panel, var(--research-ink));
}
.bank-balance-sheet > .balance-period span,
.bank-balance-sheet > .balance-period p {
  margin: 0;
  color: #c8d1d8;
  font: 9px/1.5 var(--mono);
  letter-spacing: .06em;
}
.bank-balance-sheet > .balance-period h3 {
  margin: 5px 0 0;
  color: white;
  font: 600 18px/1.25 var(--display);
}
.bank-balance-sheet article { padding: 28px; background: #fff; }
.bank-balance-sheet article > span { color: var(--moutai-red); font: 10px/1 var(--mono); letter-spacing: .08em; }
.bank-balance-sheet h3 { margin: 38px 0 12px; font: 600 20px/1.4 var(--display); }
.bank-balance-sheet p { margin: 0; color: var(--research-muted); font-size: 12px; line-height: 1.8; }
.balance-spine {
  display: grid;
  grid-template-rows: repeat(3, 1fr);
  background: var(--research-panel, var(--research-ink));
  color: white;
}
.balance-spine span { display: grid; place-items: center; border-bottom: 1px solid rgba(255,255,255,.18); font: 9px/1 var(--mono); letter-spacing: .12em; writing-mode: vertical-rl; }
.balance-spine span:last-child { border-bottom: 0; }
.balance-bar { margin-top: 30px; }
.balance-bar::before { content: ""; display: block; height: 5px; background: #dce7e9; }
.balance-bar i { display: block; width: var(--share); height: 5px; margin-top: -5px; background: var(--moutai-red); }
.balance-bar small { display: block; margin-top: 9px; color: var(--research-muted); font-size: 9px; }
.capital-floor { grid-column: 1 / -1; display: grid; grid-template-columns: 120px 1fr 1.2fr; gap: 20px; align-items: center; padding: 18px 28px; border-top: 1px solid var(--research-line); background: var(--moutai-red-soft); }
.capital-floor span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.capital-floor strong { font: 600 16px/1.4 var(--display); }
.capital-floor p { margin: 0; color: var(--research-muted); font-size: 11px; }

.spread-bridge {
  display: grid;
  grid-template-columns: 1fr 46px 1fr 46px 1fr;
  align-items: stretch;
  border-top: 1px solid var(--research-ink);
  border-bottom: 1px solid var(--research-ink);
}
.spread-bridge div { padding: 24px; }
.spread-bridge > b { display: grid; place-items: center; color: var(--research-muted); font-weight: 400; }
.spread-bridge span, .spread-bridge small { display: block; color: var(--research-muted); font-size: 10px; }
.spread-bridge strong { display: block; margin: 20px 0 7px; font: 600 34px/1 var(--display); }
.spread-bridge .spread-result { background: var(--research-panel, var(--research-ink)); color: white; }
.spread-bridge .spread-result span, .spread-bridge .spread-result small { color: #b9cbcf; }
.spread-bridge + .evidence-card { margin-top: 24px; }

.quality-grid { display: grid; grid-template-columns: repeat(4, 1fr); border: 1px solid var(--research-line); }
.quality-grid article { padding: 22px; border-right: 1px solid var(--research-line); }
.quality-grid article:last-child { border-right: 0; }
.quality-grid span, .quality-grid small { display: block; color: var(--research-muted); font-size: 10px; }
.quality-grid strong { display: block; margin: 18px 0 7px; font: 600 28px/1 var(--display); }
.bank-quality-table { margin-top: 24px; }
.bank-revenue-panel .panel-number { color: var(--moutai-red); }
.bank-portfolio-grid article { min-height: 330px; }
.bank-capital .capital-right { background: var(--moutai-red-soft); }

@media (max-width: 760px) {
  .bank-balance-sheet { grid-template-columns: 1fr 42px; }
  .bank-balance-sheet > .balance-period { display: block; padding: 14px 18px; }
  .bank-balance-sheet > .balance-period p { margin-top: 6px; }
  .bank-balance-sheet .asset-side { grid-column: 1; grid-row: 2; }
  .bank-balance-sheet .liability-side { grid-column: 1; grid-row: 3; border-top: 1px solid var(--research-line); }
  .balance-spine { grid-column: 2; grid-row: 2 / 4; }
  .capital-floor { grid-column: 1 / -1; grid-template-columns: 1fr; }
  .spread-bridge { grid-template-columns: 1fr; }
  .spread-bridge > b { min-height: 32px; }
  .quality-grid { grid-template-columns: repeat(2, 1fr); }
  .quality-grid article:nth-child(2) { border-right: 0; }
  .quality-grid article:nth-child(-n+2) { border-bottom: 1px solid var(--research-line); }
}

.research-page {
  background:
    linear-gradient(90deg, rgba(18, 37, 56, .025) 1px, transparent 1px) 0 0 / 72px 72px,
    var(--paper-blue);
  scrollbar-gutter: stable;
}

.research-header {
  position: sticky;
  z-index: 30;
  top: 0;
  display: flex;
  min-height: 68px;
  align-items: center;
  justify-content: space-between;
  padding: 0 max(24px, calc((100vw - 1500px) / 2));
  border-bottom: 1px solid var(--research-line);
  background: rgba(238, 243, 245, .93);
  backdrop-filter: blur(16px);
}

.research-brand {
  display: inline-flex;
  align-items: center;
  gap: 11px;
  text-decoration: none;
}

.research-brand-mark {
  display: grid;
  width: 36px;
  height: 36px;
  place-items: center;
  border: 1px solid var(--research-ink);
  border-radius: 50%;
  font: 600 21px/1 var(--display);
}

.research-brand strong { display: block; letter-spacing: .18em; }
.research-brand small { display: block; color: var(--research-muted); font: 8px/1.3 var(--mono); letter-spacing: .06em; }
.research-header-meta { display: flex; align-items: center; gap: 18px; color: var(--research-muted); font: 10px/1 var(--mono); }
.research-header-meta button { padding: 8px 12px; border: 1px solid var(--research-ink); background: transparent; color: var(--research-ink); cursor: pointer; }
.research-logout { color: var(--research-muted); text-decoration-color: var(--research-line); text-underline-offset: 3px; }
.research-logout:hover { color: var(--research-ink); }
.evidence-state { display: inline-flex; align-items: center; gap: 7px; color: #237a68; }
.evidence-state i { width: 7px; height: 7px; border-radius: 50%; background: #237a68; box-shadow: 0 0 0 4px rgba(35,122,104,.12); }
.evidence-state[data-quality-status="auto_passed"] { color: #9a6c18; }
.evidence-state[data-quality-status="auto_passed"] i { background: #b58125; box-shadow: 0 0 0 4px rgba(181,129,37,.12); }
.evidence-state[data-quality-status="needs_refinement"] { color: var(--moutai-red); }
.evidence-state[data-quality-status="needs_refinement"] i { background: var(--moutai-red); box-shadow: 0 0 0 4px rgba(163,48,48,.12); }

.research-shell {
  width: min(1500px, calc(100% - 48px));
  margin: auto;
  display: grid;
  grid-template-columns: 220px minmax(0, 1fr);
  gap: 44px;
  padding: 46px 0 100px;
}

.research-toc {
  position: sticky;
  top: 104px;
  align-self: start;
  max-height: calc(100dvh - 125px);
  overflow-y: auto;
}

.back-link { display: inline-block; margin-bottom: 34px; color: var(--research-muted); font-size: 12px; text-decoration: none; }
.back-link:hover { color: var(--research-ink); }
.toc-label { margin: 0 0 12px; color: var(--moutai-red); font: 10px/1 var(--mono); letter-spacing: .15em; }
.research-toc nav { display: grid; border-top: 1px solid var(--research-line); }
.research-toc nav a { padding: 11px 2px; border-bottom: 1px solid var(--research-line); color: var(--research-muted); font-size: 12px; text-decoration: none; transition: color .15s ease, padding .15s ease; }
.research-toc nav a:hover, .research-toc nav a.active, .research-toc nav a[aria-current="location"] { padding-left: 10px; color: var(--research-ink); }
.research-toc nav a.active { border-left: 3px solid var(--moutai-red); font-weight: 600; }
.toc-key { display: grid; gap: 7px; margin-top: 25px; color: var(--research-muted); font-size: 10px; }
.toc-key span { display: flex; align-items: center; gap: 7px; }
.toc-key i { width: 8px; height: 8px; border-radius: 50%; }
.fact-dot { background: #287f70; }
.insight-dot { background: var(--moutai-red); }
.watch-dot { background: var(--evidence-gold); }

.research-document { min-width: 0; overflow: hidden; border: 1px solid var(--research-line); background: #fff; box-shadow: 0 30px 90px rgba(20,45,66,.1); }
.company-hero { position: relative; min-height: 490px; display: grid; grid-template-columns: 1fr 210px; gap: 80px; align-items: center; padding: 70px 76px; overflow: hidden; }
.company-hero::before { content: attr(data-watermark); position: absolute; right: 195px; bottom: -45px; color: rgba(154,49,47,.035); font: 700 190px/1 var(--display); letter-spacing: -.16em; }
.document-kicker { margin: 0; color: var(--moutai-red); font: 10px/1 var(--mono); letter-spacing: .16em; }
.company-title-row { display: flex; align-items: baseline; gap: 24px; margin-top: 18px; }
.company-title-row h1 { max-width: 100%; margin: 0; overflow-wrap: anywhere; font: 600 clamp(58px, 7vw, 94px)/1 var(--display); letter-spacing: -.07em; text-wrap: balance; }
.company-title-row span { color: var(--research-muted); font: 12px/1 var(--mono); }
.company-en { margin: 12px 0 0; overflow-wrap: anywhere; color: var(--research-muted); font-size: 12px; }
.company-hero blockquote { max-width: 760px; margin: 44px 0 28px; padding-left: 20px; border-left: 3px solid var(--moutai-red); font: 500 24px/1.65 var(--display); }
.hero-tags { display: flex; flex-wrap: wrap; gap: 8px; }
.hero-tags span { padding: 6px 9px; border: 1px solid var(--research-line); color: var(--research-muted); font-size: 10px; }

.research-seal { position: relative; z-index: 2; display: grid; width: 190px; height: 250px; place-content: center; border: 2px solid var(--moutai-red); outline: 1px solid rgba(154,49,47,.3); outline-offset: 8px; color: var(--moutai-red); text-align: center; }
.research-seal::before, .research-seal::after { content: ""; position: absolute; background: var(--moutai-red); }
.research-seal::before { top: 10px; bottom: 10px; left: 18px; width: 1px; opacity: .22; }
.research-seal::after { right: 18px; left: 18px; bottom: 23px; height: 1px; opacity: .22; }
.research-seal span { font: 10px/1 var(--mono); letter-spacing: .2em; }
.research-seal strong { display: block; margin: 20px 0; font: 600 36px/1.15 var(--display); letter-spacing: .12em; }
.research-seal p { margin: 0; font-size: 10px; line-height: 1.7; }

.snapshot { display: grid; grid-template-columns: repeat(4, 1fr); border-top: 1px solid var(--research-ink); border-bottom: 1px solid var(--research-ink); background: #f8fafb; }
.snapshot div { padding: 25px 26px; border-right: 1px solid var(--research-line); }
.snapshot div:last-child { border-right: 0; }
.snapshot span, .snapshot small { display: block; color: var(--research-muted); font-size: 10px; }
.snapshot strong { display: block; margin: 7px 0 4px; overflow-wrap: anywhere; font: 600 22px/1.2 var(--display); }

.document-note { display: grid; grid-template-columns: 130px 1fr; gap: 24px; margin: 44px 76px 0; padding: 18px 20px; border-left: 3px solid var(--evidence-gold); background: #f8f3e9; }
.document-note strong { font-size: 12px; }
.document-note p { margin: 0; color: var(--research-muted); font-size: 12px; }

.research-section { display: grid; grid-template-columns: 76px 1fr; scroll-margin-top: 90px; }
/* Fact references and the keyboard skip link must clear the sticky 68px header. */
[id^="fact-"], #research-content { scroll-margin-top: 90px; }
.section-rail { position: relative; display: flex; justify-content: center; padding-top: 82px; }
.section-rail::before { content: ""; position: absolute; top: 0; bottom: 0; left: 50%; width: 1px; background: var(--research-line); }
.section-rail span { position: relative; z-index: 2; display: grid; width: 32px; height: 32px; place-items: center; border: 1px solid var(--moutai-red); border-radius: 50%; background: #fff; color: var(--moutai-red); font: 9px/1 var(--mono); }
.section-rail i { position: absolute; top: 113px; bottom: 0; width: 3px; background: linear-gradient(var(--moutai-red), transparent); opacity: .08; }
.section-body { min-width: 0; padding: 80px 76px 58px 24px; border-top: 1px solid var(--research-line); }
.research-section:first-of-type .section-body { border-top: 0; }
.section-title { margin-bottom: 34px; }
.section-title p { margin: 0 0 8px; color: var(--moutai-red); font: 10px/1 var(--mono); letter-spacing: .14em; text-transform: uppercase; }
.section-title h2 { margin: 0; font: 600 clamp(32px, 4vw, 48px)/1.2 var(--display); letter-spacing: -.04em; }

.card-type { display: inline-flex; align-items: center; gap: 6px; color: #237a68; font: 9px/1 var(--mono); letter-spacing: .1em; }
.card-type::before { content: ""; width: 7px; height: 7px; border-radius: 50%; background: currentColor; }
.card-type.insight { color: var(--moutai-red); }
.card-type.watch { color: var(--evidence-gold); }
.evidence-card { padding: 26px 28px; border: 1px solid var(--research-line); background: #f8fafb; }
.evidence-card h3, .prose-block h3 { margin: 13px 0 10px; font: 600 20px/1.45 var(--display); }
.evidence-card p, .prose-block p { margin: 0; color: var(--research-muted); font-size: 14px; line-height: 1.9; }
.fact-card { border-top: 3px solid #237a68; }
.insight-card { border-top: 3px solid var(--moutai-red); }
.two-column { display: grid; grid-template-columns: repeat(2, 1fr); gap: 1px; margin-top: 20px; background: var(--research-line); border: 1px solid var(--research-line); }
.two-column > * { padding: 26px 28px; background: #fff; }
.moutai-page .two-column > * { min-width: 0; background: #fff; }
.moutai-page .standard-insight-grid > .prose-block {
  min-width: 0;
  padding: 26px 28px;
  background: #fff;
}
.moutai-page .standard-insight-grid {
  overflow: hidden;
  background: var(--research-line);
  border: 1px solid var(--research-line);
}
.moutai-page .standard-insight-grid > .prose-block {
  border-top: 3px solid var(--moutai-red);
}
.moutai-page .standard-insight-grid > .prose-block > .card-type {
  display: inline-flex;
  align-items: center;
  gap: 6px;
  color: var(--moutai-red);
  font: 9px/1 var(--mono);
  letter-spacing: .1em;
}
.moutai-page .standard-insight-grid > .prose-block > .card-type::before {
  content: "";
  width: 7px;
  height: 7px;
  border-radius: 50%;
  background: currentColor;
}
.two-column > * > span { display: inline-flex; align-items: center; gap: 6px; color: var(--moutai-red); font: 9px/1 var(--mono); letter-spacing: .1em; }
.two-column > * > span::before { content: ""; width: 7px; height: 7px; border-radius: 50%; background: currentColor; }
.two-column > * h3 { margin: 13px 0 10px; font: 600 20px/1.45 var(--display); }
.two-column > * p { margin: 0; color: var(--research-muted); font-size: 14px; line-height: 1.9; }
.moutai-page .return-six-lens-note {
  display: block;
  margin-top: 10px;
  padding-top: 10px;
  border-top: 1px solid var(--research-line);
  color: #4f6070;
}
.prose-block { padding: 26px 28px; background: #fff; }
.moutai-page #moat .two-column > .prose-block {
  min-width: 0;
  padding: 26px 28px;
  background: #fff;
}
.moutai-page #moat .two-column > .prose-block > .card-type {
  color: var(--moutai-red);
  font: 9px/1 var(--mono);
  letter-spacing: .1em;
}

/* Keep the two moat conclusions identical to the mature Moutai card pattern. */
.moutai-page #moat .two-column.standard-insight-grid {
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 1px;
  overflow: hidden;
  background: var(--research-line) !important;
  border: 1px solid var(--research-line);
}
.moutai-page #moat .two-column.standard-insight-grid > article.prose-block {
  box-sizing: border-box;
  min-width: 0;
  margin: 0;
  padding: 20px 22px;
  border: 0;
  border-top: 3px solid var(--moutai-red);
  background: #fff !important;
}
.moutai-page #moat .two-column.standard-insight-grid > article.prose-block > .card-type {
  display: inline-flex;
  align-items: center;
  gap: 6px;
  color: var(--moutai-red);
  font: 9px/1 var(--mono);
  letter-spacing: .1em;
}
.moutai-page #moat .two-column.standard-insight-grid > article.prose-block > h3 {
  margin: 10px 0;
  color: var(--research-ink);
  font: 600 18px/1.45 var(--display);
}
.moutai-page #moat .two-column.standard-insight-grid > article.prose-block > p {
  margin: 0;
  color: var(--research-muted);
  font-size: 13px;
  font-weight: 400;
  line-height: 1.9;
}
.unit-economics {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  margin-top: 20px;
  border: 1px solid var(--research-line);
  background: #fff;
}
.unit-economics > article {
  min-width: 0;
  padding: 22px 24px;
  border-right: 1px solid var(--research-line);
  background: #fff;
}
.unit-economics > article:last-child { border-right: 0; }
.unit-economics > article > span {
  color: var(--moutai-red);
  font: 10px/1 var(--mono);
  letter-spacing: .08em;
}
.unit-economics > article > strong {
  display: block;
  margin: 18px 0 10px;
  color: var(--research-ink);
  font: 600 17px/1.55 var(--display);
}
.unit-economics > article > p {
  margin: 0;
  color: var(--research-muted);
  font-size: 12px;
  line-height: 1.85;
}
.watch-strip {
  display: grid;
  grid-template-columns: 150px minmax(0, 1fr);
  gap: 18px;
  align-items: start;
  margin-top: 20px;
  padding: 17px 20px;
  background: #f8f3e9;
}
.watch-strip > strong {
  display: flex;
  align-items: center;
  gap: 8px;
  color: #a97825;
  font: 600 11px/1.6 var(--display);
}
.watch-strip > strong::before {
  content: "";
  flex: 0 0 7px;
  width: 7px;
  height: 7px;
  border-radius: 50%;
  background: currentColor;
}
.watch-strip p { margin: 0; color: var(--research-muted); font-size: 12px; line-height: 1.8; }

.moat-grid { display: grid; grid-template-columns: repeat(3, 1fr); border-top: 1px solid var(--research-ink); border-bottom: 1px solid var(--research-ink); }
.moat-grid article { display: flex; min-height: 310px; flex-direction: column; padding: 25px 22px; border-right: 1px solid var(--research-line); }
.moat-grid article:last-child { border-right: 0; }
.moat-grid span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.moat-grid h3 { margin: 36px 0 14px; font: 600 19px/1.45 var(--display); }
.moat-grid p { margin: 0; color: var(--research-muted); font-size: 12px; line-height: 1.85; }
.moat-grid small { margin-top: auto; padding-top: 18px; border-top: 1px solid var(--research-line); color: var(--research-muted); font-size: 11px; line-height: 1.7; }
.evidence-equation { display: flex; align-items: center; justify-content: center; gap: 17px; margin-top: 30px; padding: 24px; background: var(--research-panel, var(--research-ink)); color: white; }
.evidence-equation span { font: 500 18px/1 var(--display); }
.evidence-equation b { color: #81909d; font-weight: 400; }
.evidence-equation strong { color: #e7c985; font: 600 19px/1 var(--display); }

.timeline { position: relative; display: grid; grid-template-columns: repeat(5, 1fr); border-top: 1px solid var(--research-ink); }
.timeline > div, .timeline > article { position: relative; padding: 27px 20px 10px; border-right: 1px solid var(--research-line); }
.timeline > div:last-child, .timeline > article:last-child { border-right: 0; }
.timeline > div::before, .timeline > article::before { content: ""; position: absolute; top: -5px; left: 20px; width: 9px; height: 9px; border-radius: 50%; background: var(--moutai-red); }
.timeline time { color: var(--moutai-red); font: 10px/1 var(--mono); }
.timeline h3 { margin: 30px 0 10px; font: 600 16px/1.4 var(--display); }
.timeline p { color: var(--research-muted); font-size: 12px; line-height: 1.75; }
.timeline-structured { grid-template-columns: repeat(auto-fit, minmax(190px, 1fr)); }
.timeline-structured .timeline-node { display: flex; min-width: 0; flex-direction: column; }
.timeline-node-summary { margin: 0; }
.timeline-node-fields[hidden] { display: none; }
.timeline-node-fields { margin: 18px 0 0; }
.timeline-node-fields > div { padding: 8px 0; border-right: 0; border-top: 1px solid var(--research-line); }
.timeline-node-fields > div::before { display: none; }
.timeline-node-fields dt { color: var(--research-ink); font: 600 9px/1.4 var(--mono); }
.timeline-node-fields dd { margin: 3px 0 0; color: var(--research-muted); font-size: 10px; line-height: 1.6; }
.timeline-node-sources { display: flex; flex-wrap: wrap; align-items: center; gap: 4px; margin-top: auto; padding-top: 14px; border-top: 0; }
.timeline-node-sources > span { margin-right: 2px; color: var(--research-ink); font: 600 9px/1.4 var(--mono); }
.history-conclusion { margin-top: 28px; padding: 22px; border-left: 3px solid var(--moutai-red); background: var(--moutai-red-soft); }
.history-conclusion p { margin: 10px 0 0; color: var(--research-muted); font-size: 13px; line-height: 1.85; }
.history-conclusion small { display: block; margin-top: 10px; color: var(--research-muted); font-size: 10px; line-height: 1.7; }
.history-migration { border-top-color: var(--evidence-gold); }

.chain-map { display: grid; grid-template-columns: 1fr 46px 1fr 46px 1fr; align-items: stretch; }
.chain-map article { min-height: 230px; padding: 23px; border: 1px solid var(--research-line); }
.chain-map article span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.chain-map article h3 { margin: 36px 0 12px; font: 600 19px/1.4 var(--display); }
.chain-map article p { color: var(--research-muted); font-size: 12px; line-height: 1.85; }
.chain-map > i { display: grid; place-items: center; color: var(--moutai-red); font-style: normal; }
.chain-map .chain-core { border-color: var(--moutai-red); background: var(--moutai-red-soft); }
.channel-panel { display: grid; grid-template-columns: 180px 180px 1fr; margin-top: 28px; border: 1px solid var(--research-line); }
.channel-panel > div { padding: 22px; border-right: 1px solid var(--research-line); }
.channel-panel > div:last-child { border-right: 0; }
.panel-number { margin: 0 0 8px; color: #237a68; font: 600 31px/1 var(--display); }
.panel-number.negative { color: var(--moutai-red); }
.channel-panel span { color: var(--research-muted); font-size: 10px; }
.channel-reading p { margin: 12px 0 0; color: var(--research-muted); font-size: 12px; line-height: 1.75; }

.strategy-table { border-top: 1px solid var(--research-ink); }
.strategy-row { display: grid; grid-template-columns: 160px 1fr 1.25fr; border-bottom: 1px solid var(--research-line); }
.strategy-row > * { margin: 0; padding: 16px 18px; border-right: 1px solid var(--research-line); font-size: 12px; line-height: 1.75; }
.strategy-row > *:last-child { border-right: 0; }
.strategy-row strong { font-family: var(--display); font-size: 15px; }
.strategy-row p { color: var(--research-muted); }
.strategy-head { background: #e9eff2; color: var(--research-muted); }
.strategy-head span { font: 10px/1 var(--mono); letter-spacing: .08em; }

.capital-balance { display: grid; grid-template-columns: 1fr 72px 1fr; align-items: stretch; }
.capital-left, .capital-right { min-height: 230px; padding: 28px; border: 1px solid var(--research-line); }
.capital-left span, .capital-right span { color: var(--moutai-red); font: 10px/1 var(--mono); }
.capital-left strong, .capital-right strong { display: block; margin: 44px 0 12px; font: 600 21px/1.4 var(--display); }
.capital-left p, .capital-right p { color: var(--research-muted); font-size: 12px; line-height: 1.8; }
.balance-mark { display: grid; place-items: center; color: var(--evidence-gold); font: 600 14px/1 var(--display); writing-mode: vertical-rl; }
.capital-balance + .evidence-card { margin-top: 24px; }

.risk-list { border-top: 1px solid var(--research-ink); }
.risk-list article { display: grid; grid-template-columns: 90px 1fr .8fr; gap: 22px; padding: 24px 0; border-bottom: 1px solid var(--research-line); }
.risk-level { align-self: start; width: fit-content; padding: 4px 7px; font: 9px/1 var(--mono); }
.risk-level.high { background: var(--moutai-red); color: white; }
.risk-level.medium { background: #f0d5a8; color: #6c4c18; }
.risk-level.low { background: #e7ecef; color: var(--research-muted); }
.risk-list h3 { margin: 0 0 8px; font: 600 18px/1.4 var(--display); }
.risk-list strong { font-size: 11px; }
.risk-list p { margin: 0; color: var(--research-muted); font-size: 12px; line-height: 1.8; }

.source-list { margin: 0; padding: 0; list-style: none; border-top: 1px solid var(--research-ink); }
.source-list li { display: grid; grid-template-columns: 1.2fr 1fr 130px; gap: 20px; padding: 17px 0; border-bottom: 1px solid var(--research-line); align-items: center; }
.source-list span { color: var(--research-muted); font-size: 11px; }
.source-list a { color: var(--research-ink); font-size: 12px; font-weight: 600; text-underline-offset: 3px; }
.source-list small { color: var(--research-muted); font: 9px/1 var(--mono); text-align: right; }
.version-block { display: grid; grid-template-columns: repeat(4, 1fr); margin-top: 30px; border: 1px solid var(--research-line); }
.version-block div { padding: 17px; border-right: 1px solid var(--research-line); }
.version-block div:last-child { border-right: 0; }
.version-block span { display: block; color: var(--research-muted); font-size: 9px; }
.version-block strong { display: block; margin-top: 5px; font: 600 13px/1.4 var(--mono); }
.disclaimer { margin: 28px 0 0; color: var(--research-muted); font-size: 10px; }

.moutai-page .research-shell { gap: 34px; padding-top: 34px; }
.moutai-page .company-hero { min-height: 400px; padding: 52px 60px; }
.moutai-page .company-title-row h1 { font-size: clamp(54px, 6vw, 78px); }
.moutai-page .company-hero blockquote { margin: 32px 0 22px; font-size: 21px; }
.moutai-page .research-seal { width: 168px; height: 218px; }
.moutai-page .snapshot-six { grid-template-columns: repeat(3, 1fr); }
.moutai-page .snapshot-six div { padding: 17px 20px; }
.moutai-page .snapshot-six div:nth-child(3) { border-right: 0; }
.moutai-page .snapshot-six div:nth-child(-n+3) { border-bottom: 1px solid var(--research-line); }
.moutai-page .snapshot-six strong { font-size: 19px; }
.moutai-page .snapshot a, .moutai-page .ledger-caption a { color: var(--moutai-red); font-family: var(--mono); text-underline-offset: 2px; }
.moutai-page .document-note { margin: 28px 60px 0; padding: 14px 18px; }
.moutai-page .section-rail { padding-top: 58px; }
.moutai-page .section-rail i { top: 89px; }
.moutai-page .section-body { padding: 54px 60px 42px 16px; }
.moutai-page .section-title { margin-bottom: 25px; }
.moutai-page .section-title h2 { font-size: clamp(29px, 3vw, 39px); }
.moutai-page .evidence-card, .moutai-page .prose-block { padding: 20px 22px; }
.moutai-page .evidence-card h3, .moutai-page .prose-block h3 { margin-top: 10px; font-size: 18px; }
.moutai-page .moat-grid article { min-height: 265px; padding: 21px 19px; }
.moutai-page .moat-grid h3 { margin-top: 26px; font-size: 17px; }
.moutai-page .chain-map article { min-height: 205px; padding: 20px; }
.moutai-page .chain-map article h3 { margin-top: 27px; font-size: 17px; }
.moutai-page .capital-left, .moutai-page .capital-right { min-height: 205px; padding: 23px; }
.moutai-page .capital-left strong, .moutai-page .capital-right strong { margin-top: 32px; font-size: 18px; }

.claim-ref {
  display: inline-grid;
  min-width: 29px;
  height: 18px;
  margin-left: 5px;
  place-items: center;
  border: 1px solid rgba(154,49,47,.35);
  border-radius: 2px;
  color: var(--moutai-red);
  font: 700 8px/1 var(--mono);
  text-decoration: none;
  vertical-align: .12em;
}
.claim-ref:hover { border-color: var(--moutai-red); background: var(--moutai-red-soft); }

.metric-ledger {
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  border-top: 1px solid var(--research-ink);
  border-bottom: 1px solid var(--research-ink);
}
.metric-ledger article { padding: 18px 16px; border-right: 1px solid var(--research-line); }
.metric-ledger article:last-child { border-right: 0; }
.metric-ledger:has(> article:nth-child(6):last-child) { grid-template-columns: repeat(3, minmax(0, 1fr)); }
.metric-ledger:has(> article:nth-child(6):last-child) article:nth-child(3n) { border-right: 0; }
.metric-ledger:has(> article:nth-child(6):last-child) article:nth-child(-n+3) { border-bottom: 1px solid var(--research-line); }
.metric-ledger span, .metric-ledger small { display: block; color: var(--research-muted); font-size: 9px; }
.metric-ledger strong { display: block; margin: 14px 0 4px; font: 600 25px/1 var(--display); }
.metric-ledger p { margin: 0 0 12px; color: var(--research-ink); font-size: 11px; font-weight: 600; }
.ledger-caption { margin: 9px 0 23px; color: var(--research-muted); font-size: 9px; }

.commitment-table { border-top: 1px solid var(--research-ink); }
.commitment-row {
  display: grid;
  grid-template-columns: 130px 1fr 1.6fr 92px;
  align-items: stretch;
  border-bottom: 1px solid var(--research-line);
}
.commitment-row > * { margin: 0; padding: 13px 14px; border-right: 1px solid var(--research-line); font-size: 11px; line-height: 1.65; }
.commitment-row > *:last-child { border-right: 0; }
.commitment-row strong { font: 600 14px/1.45 var(--display); }
.commitment-row p { color: var(--research-muted); }
.commitment-head { background: #e9eff2; }
.commitment-head span { color: var(--research-muted); font: 9px/1 var(--mono); letter-spacing: .06em; }
.verdict { align-self: center; justify-self: center; width: fit-content; padding: 5px 7px; border: 0; font: 700 9px/1 var(--mono); white-space: nowrap; }
.verdict.positive { background: #dceee9; color: #176858; }
.verdict.watch { background: #f5e7c8; color: #78561e; }
.verdict.negative { background: var(--moutai-red-soft); color: var(--moutai-red); }
.table-note { margin: 10px 0 0; color: var(--research-muted); font-size: 9px; line-height: 1.7; }

.reverse-risk-list { border-top: 1px solid var(--research-ink); }
.reverse-risk-list article {
  display: grid;
  grid-template-columns: 78px .85fr 1fr 1.15fr;
  gap: 0;
  border-bottom: 1px solid var(--research-line);
}
.reverse-risk-list article > * { padding: 17px 15px; border-right: 1px solid var(--research-line); }
.reverse-risk-list article > *:last-child { border-right: 0; }
.reverse-risk-list .risk-level { align-self: start; margin: 17px 0 0 0; padding: 5px 7px; justify-self: center; border-right: 0; }
.reverse-risk-list h3 { margin: 0 0 7px; font: 600 16px/1.4 var(--display); }
.reverse-risk-list strong { display: block; margin-bottom: 7px; font-size: 11px; }
.reverse-risk-list p { margin: 0; color: var(--research-muted); font-size: 11px; line-height: 1.75; }

.evidence-ledger { border-top: 1px solid var(--research-ink); }
.evidence-ledger-head, .evidence-ledger article {
  display: grid;
  grid-template-columns: 56px 1.7fr 1fr 105px;
  align-items: center;
  border-bottom: 1px solid var(--research-line);
}
.evidence-ledger-head { background: #e9eff2; }
.evidence-ledger-head span { padding: 10px 12px; color: var(--research-muted); font: 9px/1 var(--mono); }
.evidence-ledger article > * { margin: 0; padding: 13px 12px; }
.evidence-ledger article strong { color: var(--moutai-red); font: 700 11px/1 var(--mono); }
.evidence-ledger article p { color: var(--research-muted); font-size: 10px; line-height: 1.65; }
.evidence-ledger article a { color: var(--research-ink); font-size: 10px; font-weight: 600; text-underline-offset: 3px; }
.source-grade { color: #237a68; font: 9px/1.4 var(--mono); }

.income-panorama {
  margin: 24px 0;
  border: 1px solid var(--research-ink);
  background: #f8fafb;
}
.income-panorama > header {
  display: flex;
  align-items: end;
  justify-content: space-between;
  gap: 24px;
  padding: 18px 20px;
  color: white;
  background: var(--research-panel, var(--research-ink));
}
.income-panorama > header span,
.income-panorama > header p {
  margin: 0;
  color: #c8d1d8;
  font: 9px/1.5 var(--mono);
  letter-spacing: .06em;
}
.income-panorama > header h3 {
  margin: 6px 0 0;
  color: white;
  font: 600 22px/1.2 var(--display);
}
.income-dimension {
  display: grid;
  grid-template-columns: 96px 1fr;
  border-bottom: 1px solid var(--research-line);
}
.income-dimension-title {
  display: flex;
  flex-direction: column;
  justify-content: center;
  padding: 16px;
  border-right: 1px solid var(--research-line);
  background: #edf1f3;
}
.income-dimension-title span { font: 600 18px/1 var(--display); }
.income-dimension-title small { margin-top: 7px; color: var(--research-muted); font: 9px/1 var(--mono); }
.income-bars {
  display: grid;
  grid-template-columns: repeat(12, minmax(0, 1fr));
  gap: 1px;
  background: var(--research-line);
}
.income-bars article { grid-column: span 6; min-width: 0; padding: 14px 16px; background: #fff; }
.income-bars-three article { grid-column: span 4; }
.income-bars-four article { grid-column: span 3; }
.income-bars:has(> article:nth-child(2n + 1):last-child):not(.income-bars-three):not(.income-bars-four) > article:last-child { grid-column: 1 / -1; }
.income-bars-three:has(> article:nth-child(3n + 1):last-child) > article:last-child { grid-column: 1 / -1; }
.income-bars-three:has(> article:nth-child(3n + 2):last-child) > article:nth-last-child(-n + 2) { grid-column: span 6; }
.income-bars-four:has(> article:nth-child(4n + 1):last-child) > article:last-child { grid-column: 1 / -1; }
.income-bars-four:has(> article:nth-child(4n + 2):last-child) > article:nth-last-child(-n + 2) { grid-column: span 6; }
.income-bars-four:has(> article:nth-child(4n + 3):last-child) > article:nth-last-child(-n + 3) { grid-column: span 4; }
.income-bars article > div {
  display: flex;
  align-items: baseline;
  justify-content: space-between;
  gap: 12px;
}
.income-bars strong { font: 600 14px/1.2 var(--display); }
.income-bars span, .income-bars small { color: var(--research-muted); font-size: 9px; }
.income-bars i {
  display: block;
  height: 5px;
  margin: 10px 0 8px;
  background: linear-gradient(90deg, var(--moutai-red) var(--share), #dce2e6 var(--share));
}
.income-bars .income-offset i {
  border: 1px solid #b8c2c9;
  background: repeating-linear-gradient(135deg, #b8c2c9 0 5px, #edf1f3 5px 10px);
}
.income-bars .income-offset > div > strong,
.income-bars .income-offset > div > span { color: var(--research-muted); }
.income-bars small { display: block; }
.income-margin {
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 10px;
  margin-top: 10px;
  padding-top: 8px;
  border-top: 1px solid var(--research-line);
  color: var(--research-muted);
  font-style: normal;
  font-size: 9px;
}
.income-margin strong {
  color: var(--research-ink);
  font: 700 11px/1 var(--mono);
}
.income-margin.disclosed strong { color: var(--moutai-red); }
.income-margin.not-applicable strong,
.income-margin.unavailable strong { color: var(--research-muted); font-size: 9px; }
.income-panorama > footer {
  display: flex;
  gap: 18px;
  padding: 10px 20px;
  color: var(--research-muted);
  font: 9px/1.4 var(--mono);
}
.income-panorama > footer span { margin-right: auto; }
.income-panorama > footer a { color: var(--research-ink); font-weight: 700; }

.ownership-strip {
  display: grid;
  grid-template-columns: repeat(3, 1fr);
  margin-bottom: 24px;
  border-top: 1px solid var(--research-ink);
  border-bottom: 1px solid var(--research-ink);
}
.ownership-strip article { min-width: 0; padding: 18px; border-right: 1px solid var(--research-line); }
.ownership-strip article:last-child { border-right: 0; }
.ownership-strip span { color: var(--research-muted); font: 9px/1 var(--mono); letter-spacing: .06em; }
.ownership-strip strong { display: block; margin: 12px 0 8px; overflow-wrap: anywhere; font: 600 18px/1.4 var(--display); text-wrap: pretty; }
.ownership-strip p { margin: 0; color: var(--research-muted); font-size: 10px; line-height: 1.65; }

.capital-return-grid {
  display: grid;
  grid-template-columns: repeat(3, minmax(0, 1fr));
  margin: 24px 0;
  border: 1px solid var(--research-ink);
}
.capital-return-grid:has(> article:nth-child(4):last-child) { grid-template-columns: repeat(4, minmax(0, 1fr)); }
.capital-return-grid article { min-width: 0; min-height: 230px; padding: 20px; border-right: 1px solid var(--research-line); }
.capital-return-grid article:last-child { border-right: 0; }
.capital-return-grid article > span { color: var(--research-muted); font: 9px/1 var(--mono); letter-spacing: .06em; }
.capital-return-grid article > strong { display: block; margin: 22px 0 5px; font: 600 25px/1 var(--display); }
.capital-return-grid h3 { margin: 0 0 20px; color: var(--research-ink); font-size: 11px; }
.capital-return-grid p { margin: 0; color: var(--research-muted); font-size: 10px; line-height: 1.7; }
.capital-return-grid .capital-highlight { background: var(--moutai-red); }
.capital-return-grid .capital-highlight > span,
.capital-return-grid .capital-highlight h3,
.capital-return-grid .capital-highlight p { color: #f2dfe0; }
.capital-return-grid .capital-highlight > strong { color: white; }

@media (max-width: 1100px) {
  .research-shell { grid-template-columns: 1fr; }
  .research-toc { position: static; max-height: none; }
  .research-toc nav { grid-template-columns: repeat(4, 1fr); }
  .research-toc nav a { padding: 10px; border-right: 1px solid var(--research-line); }
  .toc-key { display: flex; }
  .company-hero { grid-template-columns: 1fr 170px; gap: 45px; padding: 58px; }
  .research-seal { width: 155px; height: 215px; }
  .section-body { padding-right: 52px; }
  .timeline { grid-template-columns: repeat(3, 1fr); }
  .timeline div:nth-child(3) { border-right: 0; }
  .timeline div:nth-child(-n+3) { border-bottom: 1px solid var(--research-line); }
  .timeline-structured { grid-template-columns: repeat(2, minmax(0, 1fr)); }
  .timeline-structured .timeline-node { border-right: 1px solid var(--research-line); border-bottom: 1px solid var(--research-line); }
  .timeline-structured .timeline-node:nth-child(even) { border-right: 0; }
  .timeline-structured .timeline-node:last-child { grid-column: 1 / -1; border-right: 0; border-bottom: 0; }
  .channel-panel { grid-template-columns: 160px 160px 1fr; }
  .commitment-row { grid-template-columns: 120px .85fr 1.35fr 85px; }
  .reverse-risk-list article { grid-template-columns: 72px 1fr 1fr; }
  .reverse-risk-list article > div:last-child { grid-column: 2 / -1; border-top: 1px solid var(--research-line); }
  .income-dimension { grid-template-columns: 78px 1fr; }
  .income-bars-four article { grid-column: span 6; }
  .income-bars-four:has(> article:nth-child(2n + 1):last-child) > article:last-child { grid-column: 1 / -1; }
  .capital-return-grid:has(> article:nth-child(4):last-child) { grid-template-columns: repeat(2, minmax(0, 1fr)); }
  .capital-return-grid:has(> article:nth-child(4):last-child) article { border-bottom: 1px solid var(--research-line); }
  .capital-return-grid:has(> article:nth-child(4):last-child) article:nth-child(even) { border-right: 0; }
  .capital-return-grid:has(> article:nth-child(4):last-child) article:nth-last-child(-n + 2) { border-bottom: 0; }
}

@media (max-width: 760px) {
  .research-header { padding: 0 15px; }
  .research-header-meta { gap: 9px; }
  .research-header-meta > span:first-child, .evidence-state { display: none; }
  .research-header-meta button { padding: 7px 8px; font-size: 10px; }
  .research-shell { width: min(100% - 24px, 1500px); padding-top: 24px; }
  .research-toc nav { grid-template-columns: repeat(2, 1fr); }
  .company-hero { min-height: 0; grid-template-columns: 1fr; padding: 42px 24px; }
  .company-hero::before { display: none; }
  .company-title-row { display: block; }
  .company-title-row h1 { font-size: clamp(38px, 14vw, 58px); line-height: 1.08; }
  .company-title-row span { display: block; margin-top: 12px; }
  .company-hero blockquote { margin-top: 32px; font-size: 20px; }
  .research-seal { display: none; }
  .snapshot { grid-template-columns: repeat(2, 1fr); }
  .snapshot div:nth-child(2) { border-right: 0; }
  .snapshot div:nth-child(-n+2) { border-bottom: 1px solid var(--research-line); }
  .document-note { grid-template-columns: 1fr; margin: 28px 20px 0; gap: 8px; }
  .research-section { grid-template-columns: 34px 1fr; }
  .section-rail { padding-top: 54px; }
  .section-rail span { width: 26px; height: 26px; }
  .section-body { padding: 52px 18px 42px 6px; }
  .two-column, .moat-grid, .unit-economics { grid-template-columns: 1fr; }
  .moutai-page #moat .two-column.standard-insight-grid { grid-template-columns: 1fr; }
  .unit-economics > article { border-right: 0; border-bottom: 1px solid var(--research-line); }
  .unit-economics > article:last-child { border-bottom: 0; }
  .moat-grid article { min-height: 0; border-right: 0; border-bottom: 1px solid var(--research-line); }
  .moat-grid article:last-child { border-bottom: 0; }
  .moat-grid small { margin-top: 20px; }
  .watch-strip { grid-template-columns: 1fr; gap: 8px; }
  .evidence-equation { flex-wrap: wrap; gap: 10px; }
  .timeline { grid-template-columns: 1fr; }
  .timeline > div, .timeline > div:nth-child(3), .timeline > article { border-right: 0; border-bottom: 1px solid var(--research-line); }
  .timeline-structured { grid-template-columns: 1fr; }
  .timeline-structured .timeline-node,
  .timeline-structured .timeline-node:nth-child(even),
  .timeline-structured .timeline-node:last-child { grid-column: auto; border-right: 0; border-bottom: 1px solid var(--research-line); }
  .timeline-structured .timeline-node:last-child { border-bottom: 0; }
  .timeline-node-fields > div { border-bottom: 0; }
  .chain-map { grid-template-columns: 1fr; }
  .chain-map > i { min-height: 40px; transform: rotate(90deg); }
  .channel-panel { grid-template-columns: repeat(2, 1fr); }
  .channel-panel > div:nth-child(2) { border-right: 0; }
  .channel-reading { grid-column: 1 / -1; border-top: 1px solid var(--research-line); }
  .strategy-row { grid-template-columns: 1fr; padding: 15px 0; }
  .strategy-row > * { padding: 7px 14px; border-right: 0; }
  .strategy-head { display: none; }
  .capital-balance { grid-template-columns: 1fr; }
  .balance-mark { min-height: 48px; writing-mode: horizontal-tb; }
  .risk-list article { grid-template-columns: 1fr; gap: 11px; }
  .source-list li { grid-template-columns: 1fr; gap: 5px; }
  .source-list small { text-align: left; }
  .version-block { grid-template-columns: repeat(2, 1fr); }
  .version-block div:nth-child(2) { border-right: 0; }
  .version-block div:nth-child(-n+2) { border-bottom: 1px solid var(--research-line); }
  .moutai-page .snapshot-six { grid-template-columns: repeat(2, 1fr); }
  .moutai-page .snapshot-six div, .moutai-page .snapshot-six div:nth-child(3) { border-right: 1px solid var(--research-line); border-bottom: 1px solid var(--research-line); }
  .moutai-page .snapshot-six div:nth-child(even) { border-right: 0; }
  .moutai-page .snapshot-six div:nth-last-child(-n+2) { border-bottom: 0; }
  .moutai-page .document-note { margin: 24px 18px 0; }
  .metric-ledger, .metric-ledger:has(> article:nth-child(6):last-child) { grid-template-columns: repeat(2, minmax(0, 1fr)); }
  .metric-ledger article:nth-child(2) { border-right: 0; }
  .metric-ledger article:nth-child(-n+2) { border-bottom: 1px solid var(--research-line); }
  .metric-ledger:has(> article:nth-child(6):last-child) article { border-right: 1px solid var(--research-line); border-bottom: 1px solid var(--research-line); }
  .metric-ledger:has(> article:nth-child(6):last-child) article:nth-child(even) { border-right: 0; }
  .metric-ledger:has(> article:nth-child(6):last-child) article:nth-last-child(-n + 2) { border-bottom: 0; }
  .commitment-row { grid-template-columns: 1fr; padding: 12px 0; }
  .commitment-row > * { padding: 6px 13px; border-right: 0; }
  .commitment-head { display: none; }
  .verdict { justify-self: start; margin-left: 13px; }
  .reverse-risk-list article { grid-template-columns: 1fr; padding: 12px 0; }
  .reverse-risk-list article > *, .reverse-risk-list article > div:last-child { grid-column: auto; padding: 6px 13px; border: 0; }
  .reverse-risk-list .risk-level { justify-self: start; margin: 3px 13px 6px; }
  .evidence-ledger-head { display: none; }
  .evidence-ledger article { grid-template-columns: 48px 1fr; padding: 11px 0; }
  .evidence-ledger article > * { padding: 4px 10px; }
  .evidence-ledger article p { grid-column: 2; }
  .evidence-ledger article a { grid-column: 2; }
  .evidence-ledger article .source-grade { grid-column: 2; }
  .income-panorama > header { display: block; }
  .income-panorama > header p { margin-top: 8px; }
  .income-dimension { grid-template-columns: 1fr; }
  .income-dimension-title { display: block; padding: 10px 13px; border-right: 0; border-bottom: 1px solid var(--research-line); }
  .income-dimension-title small { margin-left: 8px; }
  .income-bars { grid-template-columns: 1fr; }
  .income-bars > article,
  .income-bars-three > article,
  .income-bars-four > article,
  .income-bars:has(> article:last-child) > article { grid-column: auto; }
  .income-panorama > footer { flex-wrap: wrap; }
  .income-panorama > footer span { width: 100%; }
  .ownership-strip, .capital-return-grid, .capital-return-grid:has(> article:nth-child(4):last-child) { grid-template-columns: 1fr; }
  .ownership-strip article, .capital-return-grid article { min-height: 0; border-right: 0; border-bottom: 1px solid var(--research-line); }
  .capital-return-grid:has(> article:nth-child(4):last-child) article,
  .capital-return-grid:has(> article:nth-child(4):last-child) article:nth-last-child(-n + 2) { border-right: 0; border-bottom: 1px solid var(--research-line); }
  .ownership-strip article:last-child,
  .capital-return-grid article:last-child,
  .capital-return-grid:has(> article:nth-child(4):last-child) article:last-child { border-bottom: 0; }
}

@media print {
  @page { size: A4; margin: 12mm; }
  .research-header, .research-toc, .skip-link { display: none !important; }
  .research-page { background: white; }
  .research-shell { display: block; width: 100%; padding: 0; }
  .research-document { border: 0; box-shadow: none; }
  .research-section { break-inside: auto; }
  .section-title { break-after: avoid; }
  .evidence-card, .moat-grid article, .risk-list article { break-inside: avoid; }
  a { color: inherit; text-decoration: none; }

  .moutai-page { color: #111; font-size: 10.5pt; print-color-adjust: exact; -webkit-print-color-adjust: exact; }
  .moutai-page .company-hero { min-height: 0; grid-template-columns: 1fr; padding: 7mm 5mm 5mm; gap: 0; break-after: avoid-page; }
  .moutai-page .company-hero::before, .moutai-page .research-seal { display: none; }
  .moutai-page .company-title-row { margin-top: 3mm; }
  .moutai-page .company-title-row h1 { font-size: 34pt; }
  .moutai-page .company-hero blockquote { max-width: none; margin: 5mm 0 4mm; font-size: 13pt; line-height: 1.45; }
  .moutai-page .snapshot-six { grid-template-columns: repeat(3, 1fr); break-inside: avoid; }
  .moutai-page .snapshot-six div { padding: 3.2mm 3mm; }
  .moutai-page .snapshot-six strong { font-size: 13pt; }
  .moutai-page .snapshot-six div:nth-child(even) { border-right: 1px solid #999; }
  .moutai-page .snapshot-six div:nth-child(3n) { border-right: 0; }
  .moutai-page .document-note { grid-template-columns: 28mm 1fr; gap: 4mm; margin: 5mm 5mm 0; padding: 3mm; background: #f1f1f1; }
  .moutai-page .research-section { display: block; break-before: auto; }
  .moutai-page .section-rail { display: none; }
  .moutai-page .section-body { padding: 6mm 5mm 5mm; border-top: 1px solid #777; }
  .moutai-page .section-title { margin-bottom: 4mm; }
  .moutai-page .section-title p { color: #555; font-size: 9pt; }
  .moutai-page .section-title h2 { color: #111; font-size: 20pt; }
  .moutai-page .evidence-card, .moutai-page .prose-block { padding: 4mm; }
  .moutai-page .evidence-card p, .moutai-page .prose-block p, .moutai-page .moat-grid p, .moutai-page .chain-map article p { color: #333; font-size: 10.5pt; line-height: 1.5; }
  .moutai-page .moat-grid article { min-height: 0; padding: 3.5mm; }
  .moutai-page .moat-grid h3, .moutai-page .chain-map article h3 { margin: 5mm 0 2mm; font-size: 11pt; }
  .moutai-page .evidence-equation { margin-top: 4mm; padding: 4mm; background: #222; }
  .moutai-page .timeline > div, .moutai-page .timeline > article { padding: 4mm 3mm 2mm; }
  .moutai-page .timeline h3 { margin: 5mm 0 2mm; font-size: 11pt; }
  .moutai-page .timeline p { font-size: 10.5pt; line-height: 1.5; }
  .moutai-page .timeline-structured { display: grid; grid-template-columns: repeat(2, 1fr); border-top: 1px solid #333; }
  .moutai-page .timeline-node { padding: 4mm 3mm 3mm; border-right: 0; border-bottom: 1px solid #aaa; break-inside: avoid; }
  .moutai-page .timeline-node:nth-child(odd) { border-right: 1px solid #aaa; }
  .moutai-page .timeline-node-summary { color: #333; font-size: 10.5pt; line-height: 1.5; }
  .moutai-page .timeline-node-sources { margin-top: 2mm; padding-top: 2mm; }
  .moutai-page .chain-map { grid-template-columns: 1fr 8mm 1fr 8mm 1fr; }
  .moutai-page .chain-map article { min-height: 0; padding: 3.5mm; }
  .moutai-page .channel-panel { grid-template-columns: 31mm 31mm 1fr; margin-top: 4mm; }
  .moutai-page .channel-panel > div { padding: 3.5mm; }
  .moutai-page .commitment-row { grid-template-columns: 25mm 1fr 1.55fr 19mm; padding: 0; break-inside: avoid; }
  .moutai-page .commitment-row > * { padding: 2.5mm; font-size: 10.5pt; line-height: 1.45; }
  .moutai-page .capital-left, .moutai-page .capital-right { min-height: 0; padding: 4mm; }
  .moutai-page .capital-left strong, .moutai-page .capital-right strong { margin: 7mm 0 2mm; font-size: 12pt; }
  .moutai-page .reverse-risk-list article { grid-template-columns: 15mm .85fr 1fr 1.15fr; padding: 0; break-inside: avoid; }
  .moutai-page .reverse-risk-list article > *, .moutai-page .reverse-risk-list article > div:last-child { grid-column: auto; padding: 2.8mm; border-right: 1px solid #aaa; border-top: 0; }
  .moutai-page .reverse-risk-list article > *:last-child { border-right: 0; }
  .moutai-page .reverse-risk-list .risk-level { margin: 3mm 0 0; padding: 1.5mm; justify-self: center; }
  .moutai-page .reverse-risk-list h3 { font-size: 9.5pt; }
  .moutai-page .reverse-risk-list p { font-size: 10.5pt; line-height: 1.5; }
  .moutai-page .evidence-ledger-head, .moutai-page .evidence-ledger article { grid-template-columns: 12mm 1.6fr .9fr 25mm; padding: 0; break-inside: avoid; }
  .moutai-page .evidence-ledger-head { display: grid; }
  .moutai-page .evidence-ledger article > *, .moutai-page .evidence-ledger-head span { grid-column: auto; padding: 2.3mm; font-size: 9pt; }
  .moutai-page .income-panorama { margin: 4mm 0; break-inside: auto; }
  .moutai-page .income-panorama > header { padding: 3mm 4mm; }
  .moutai-page .income-panorama > header h3 { font-size: 13pt; }
  .moutai-page .income-dimension { grid-template-columns: 20mm 1fr; break-inside: avoid; }
  .moutai-page .income-bars,
  .bank-page .income-bars-three,
  .tech-page .income-bars-four { grid-template-columns: repeat(2, minmax(0, 1fr)); }
  .moutai-page .income-bars > article,
  .bank-page .income-bars-three > article,
  .tech-page .income-bars-four > article { grid-column: auto !important; padding: 2.5mm 3mm; }
  .moutai-page .income-bars:has(> article:nth-child(2n + 1):last-child) > article:last-child,
  .bank-page .income-bars-three:has(> article:nth-child(2n + 1):last-child) > article:last-child,
  .tech-page .income-bars-four:has(> article:nth-child(2n + 1):last-child) > article:last-child { grid-column: 1 / -1 !important; }
  .moutai-page .income-panorama > footer { padding: 2mm 4mm; }
  .moutai-page .ownership-strip { grid-template-columns: repeat(3, 1fr); break-inside: avoid; }
  .moutai-page .ownership-strip article { padding: 3mm; border-right: 1px solid #aaa; border-bottom: 0; }
  .moutai-page .capital-return-grid { grid-template-columns: repeat(3, minmax(0, 1fr)); break-inside: avoid; }
  .moutai-page .capital-return-grid:has(> article:nth-child(4):last-child) { grid-template-columns: repeat(4, minmax(0, 1fr)); }
  .moutai-page .capital-return-grid article { min-height: 0; padding: 3.5mm; border-right: 1px solid #aaa; border-bottom: 0; }
  .moutai-page .ownership-strip article:last-child,
  .moutai-page .capital-return-grid article:last-child { border-right: 0; }
  .moutai-page .capital-return-grid article > strong { margin: 5mm 0 2mm; font-size: 13pt; }
  .moutai-page .capital-return-grid p { font-size: 10.5pt; line-height: 1.5; }
  .bank-page .income-panorama { margin: 4mm 0; break-inside: auto; }
  .bank-page .income-panorama > header { padding: 3mm 4mm; }
  .bank-page .income-panorama > header h3 { font-size: 13pt; }
  .bank-page .income-dimension { grid-template-columns: 20mm 1fr; break-inside: avoid; }
  .bank-page .income-bars article { padding: 2.5mm 3mm; }
  .bank-page .income-panorama > footer { padding: 2mm 4mm; }
  .bank-page .ownership-strip { grid-template-columns: repeat(3, 1fr); break-inside: avoid; }
  .bank-page .ownership-strip article { padding: 3mm; border-right: 1px solid #aaa; border-bottom: 0; }
  .bank-page .capital-return-grid { grid-template-columns: repeat(3, minmax(0, 1fr)); break-inside: avoid; }
  .bank-page .capital-return-grid:has(> article:nth-child(4):last-child) { grid-template-columns: repeat(4, minmax(0, 1fr)); }
  .bank-page .capital-return-grid article { min-height: 0; padding: 3.5mm; border-right: 1px solid #aaa; border-bottom: 0; }
  .bank-page .ownership-strip article:last-child,
  .bank-page .capital-return-grid article:last-child { border-right: 0; }
  .bank-page .capital-return-grid article > strong { margin: 5mm 0 2mm; font-size: 13pt; }
  .bank-page .capital-return-grid p { font-size: 10.5pt; line-height: 1.5; }
  .tech-page .income-panorama { margin: 4mm 0; break-inside: auto; }
  .tech-page .income-panorama > header { padding: 3mm 4mm; }
  .tech-page .income-panorama > header h3 { font-size: 13pt; }
  .tech-page .income-dimension { grid-template-columns: 20mm 1fr; break-inside: avoid; }
  .tech-page .income-bars article { padding: 2.3mm; }
  .tech-page .income-panorama > footer { padding: 2mm 4mm; }
  .moutai-page .source-list li { grid-template-columns: 1.15fr 1fr 28mm; padding: 2.5mm 0; }
  .moutai-page .version-block { margin-top: 4mm; }
  .moutai-page .version-block div { padding: 3mm; }
  .claim-ref { border: 0; min-width: auto; height: auto; margin-left: 1mm; font-size: 9pt; }
  .metric-ledger, .commitment-table, .reverse-risk-list, .evidence-ledger, .capital-balance, .chain-map, .timeline, .source-list { break-inside: auto; }
  .metric-ledger article, .commitment-row, .reverse-risk-list article, .evidence-ledger article, .capital-balance > *, .chain-map article, .timeline div, .source-list li { break-inside: avoid; }
  .tech-page .segment-stack > div { grid-template-columns: 34mm 42mm 1fr; min-height: 0; padding: 2.5mm 3mm; }
  .tech-page .ownership-grid article, .tech-page .capital-dashboard article { padding: 3.5mm; break-inside: avoid; }
  .tech-page .ownership-grid strong, .tech-page .capital-dashboard > article > strong { margin: 5mm 0 2mm; font-size: 13pt; }
  .tech-page .ownership-grid p, .tech-page .capital-dashboard p { font-size: 10.5pt; line-height: 1.5; }
  .moutai-page .ownership-grid, .moutai-page .capital-dashboard { grid-template-columns: repeat(3, 1fr); break-inside: avoid; }
  .moutai-page .ownership-grid article, .moutai-page .capital-dashboard article { padding: 3.5mm; border-right: 1px solid #aaa; border-bottom: 0; break-inside: avoid; }
  .moutai-page .ownership-grid strong, .moutai-page .capital-dashboard > article > strong { margin: 5mm 0 2mm; font-size: 13pt; }
  .moutai-page .ownership-grid p, .moutai-page .capital-dashboard p { font-size: 10.5pt; line-height: 1.5; }
  .tech-page .capital-flow { margin-top: 3mm; padding: 3mm; }
  .tech-page .calculation-note { grid-template-columns: 28mm 1fr; margin-top: 4mm; padding: 3mm; }
}