diff --git a/src/views/Company/components/CompanyOverview/DeepAnalysisTab/index.tsx b/src/views/Company/components/CompanyOverview/DeepAnalysisTab/index.tsx
index fa2642d4..a9dd6181 100644
--- a/src/views/Company/components/CompanyOverview/DeepAnalysisTab/index.tsx
+++ b/src/views/Company/components/CompanyOverview/DeepAnalysisTab/index.tsx
@@ -77,7 +77,7 @@ const DeepAnalysisTab: React.FC<DeepAnalysisTabProps> = ({
             themePreset="blackGold"
             size="sm"
           />
-          <LoadingState message="加载数据中..." height="200px" />
+          <LoadingState variant="skeleton" height="300px" skeletonRows={6} />
         </CardBody>
       </Card>
     );
diff --git a/src/views/Company/components/MarketDataView/components/MarketDataSkeleton.tsx b/src/views/Company/components/MarketDataView/components/MarketDataSkeleton.tsx
index 67ff83c4..a2c5daae 100644
--- a/src/views/Company/components/MarketDataView/components/MarketDataSkeleton.tsx
+++ b/src/views/Company/components/MarketDataView/components/MarketDataSkeleton.tsx
@@ -136,5 +136,5 @@ const MarketDataSkeleton: React.FC = memo(() => (
 
 MarketDataSkeleton.displayName = 'MarketDataSkeleton';
 
-export { MarketDataSkeleton };
+export { MarketDataSkeleton, SummaryCardSkeleton };
 export default MarketDataSkeleton;
diff --git a/src/views/Company/components/MarketDataView/components/index.ts b/src/views/Company/components/MarketDataView/components/index.ts
index 1a854d60..91b880e7 100644
--- a/src/views/Company/components/MarketDataView/components/index.ts
+++ b/src/views/Company/components/MarketDataView/components/index.ts
@@ -5,4 +5,4 @@ export { default as ThemedCard } from './ThemedCard';
 export { default as MarkdownRenderer } from './MarkdownRenderer';
 export { default as StockSummaryCard } from './StockSummaryCard';
 export { default as AnalysisModal, AnalysisContent } from './AnalysisModal';
-export { MarketDataSkeleton } from './MarketDataSkeleton';
+export { MarketDataSkeleton, SummaryCardSkeleton } from './MarketDataSkeleton';
diff --git a/src/views/Company/components/MarketDataView/hooks/useMarketData.ts b/src/views/Company/components/MarketDataView/hooks/useMarketData.ts
index 6231b8b3..eaf6b751 100644
--- a/src/views/Company/components/MarketDataView/hooks/useMarketData.ts
+++ b/src/views/Company/components/MarketDataView/hooks/useMarketData.ts
@@ -33,8 +33,9 @@ export const useMarketData = (
   period: number = DEFAULT_PERIOD
 ): UseMarketDataReturn => {
   // 主数据状态
-  const [loading, setLoading] = useState(false);
+  const [loading, setLoading] = useState(true);
   const [tradeLoading, setTradeLoading] = useState(false);
+  const [hasLoaded, setHasLoaded] = useState(false);
   const [summary, setSummary] = useState<MarketSummary | null>(null);
   const [tradeData, setTradeData] = useState<TradeDayData[]>([]);
   const [fundingData, setFundingData] = useState<FundingDayData[]>([]);
@@ -153,15 +154,17 @@ export const useMarketData = (
       if (loadedTradeData.length > 0) {
         loadRiseAnalysis(loadedTradeData);
       }
+
+      setLoading(false);
+      setHasLoaded(true);
     } catch (error) {
-      // 取消请求不作为错误处理
-      if (isCancelError(error)) return;
-      logger.error('useMarketData', 'loadCoreData', error, { stockCode, period });
-    } finally {
-      // 只有当前请求没有被取消时才设置 loading 状态
-      if (!controller.signal.aborted) {
-        setLoading(false);
+      // 请求被取消时，不更新任何状态
+      if (isCancelError(error)) {
+        return;
       }
+      logger.error('useMarketData', 'loadCoreData', error, { stockCode, period });
+      setLoading(false);
+      setHasLoaded(true);
     }
   }, [stockCode, period, loadRiseAnalysis]);
 
@@ -363,8 +366,11 @@ export const useMarketData = (
     };
   }, []);
 
+  // 派生 loading 状态：stockCode 存在但尚未完成首次加载时，视为 loading
+  const isLoading = loading || (!!stockCode && !hasLoaded);
+
   return {
-    loading,
+    loading: isLoading,
     tradeLoading,
     summary,
     tradeData,
diff --git a/src/views/Company/components/MarketDataView/index.tsx b/src/views/Company/components/MarketDataView/index.tsx
index 51030aaf..e4140a54 100644
--- a/src/views/Company/components/MarketDataView/index.tsx
+++ b/src/views/Company/components/MarketDataView/index.tsx
@@ -22,6 +22,7 @@ import { useMarketData } from './hooks/useMarketData';
 import {
   ThemedCard,
   StockSummaryCard,
+  SummaryCardSkeleton,
   AnalysisModal,
   AnalysisContent,
 } from './components';
@@ -89,13 +90,12 @@ const MarketDataView: React.FC<MarketDataViewProps> = ({ stockCode: propStockCod
     }
   }, [propStockCode, stockCode]);
 
-  // 首次渲染时加载默认 Tab（融资融券）的数据
+  // 首次挂载时加载默认 Tab（融资融券）的数据
+  // 注意：SubTabContainer 的 onChange 只在切换时触发，首次渲染不会触发
   useEffect(() => {
-    // 默认 Tab 是融资融券（index 0）
-    if (activeTab === 0) {
-      loadDataByType('funding');
-    }
-  }, [loadDataByType, activeTab]);
+    loadDataByType('funding');
+    // eslint-disable-next-line react-hooks/exhaustive-deps
+  }, []); // 只在首次挂载时执行
 
   // 处理图表点击事件
   const handleChartClick = useCallback(
@@ -137,8 +137,8 @@ const MarketDataView: React.FC<MarketDataViewProps> = ({ stockCode: propStockCod
     <Box bg={'#1A202C'} minH="100vh" color={theme.textPrimary}>
       <Container maxW="container.xl" py={4}>
         <VStack align="stretch" spacing={4}>
-          {/* 股票概览 */}
-          {summary && <StockSummaryCard summary={summary} theme={theme} />}
+          {/* 股票概览 - 未加载时显示骨架屏占位，避免布局跳动 */}
+          {summary ? <StockSummaryCard summary={summary} theme={theme} /> : <SummaryCardSkeleton />}
 
           {/* 交易数据 - 日K/分钟K线（独立显示在 Tab 上方） */}
           <TradeDataPanel