diff --git a/src/components/EventDetailPanel/StockListItem.js b/src/components/EventDetailPanel/StockListItem.js
index 7a38c882..3105a5d3 100644
--- a/src/components/EventDetailPanel/StockListItem.js
+++ b/src/components/EventDetailPanel/StockListItem.js
@@ -17,9 +17,7 @@ import {
   Icon,
   useColorModeValue,
 } from '@chakra-ui/react';
-import { Tag } from 'antd';
 import { Star } from 'lucide-react';
-import { RobotOutlined } from '@ant-design/icons';
 import { selectIsMobile } from '@store/slices/deviceSlice';
 import { MiniTimelineChart } from '@components/Charts/Stock';
 import MiniKLineChart from './MiniKLineChart';
@@ -103,7 +101,7 @@ const StockListItem = ({
       return relationDesc.data
         .map(item => item.query_part || item.sentences || '')
         .filter(s => s)
-        .join('；') || '--';
+        .join('') || '--';
     }
 
     return '--';
@@ -325,76 +323,76 @@ const StockListItem = ({
                   position="relative"
                 >
                   <Collapse in={isDescExpanded} startingHeight={56}>
-                    {/* AI 标识 - 行内显示在文字前面 */}
-                    <Tag
-                      icon={<RobotOutlined />}
-                      color="purple"
-                      style={{
-                        fontSize: 12,
-                        padding: '2px 8px',
-                        marginRight: 8,
-                        verticalAlign: 'middle',
-                        display: 'inline-flex',
-                      }}
-                    >
-                      AI合成
-                    </Tag>
                     {/* 渲染 query_part，每句带来源悬停提示 */}
                     <Text
                       as="span"
-                      fontSize="sm"
-                      color={PROFESSIONAL_COLORS.text.primary}
-                      lineHeight="1.8"
+                      fontSize="xs"
+                      color={nameColor}
+                      lineHeight="1.5"
                     >
-                      {Array.isArray(stock.relation_desc?.data) && stock.relation_desc.data.filter(item => item.query_part).map((item, index, arr) => (
-                        <React.Fragment key={index}>
-                          <Tooltip
-                            label={
-                              <Box maxW="400px" p={2}>
-                                {item.sentences && (
-                                  <Text fontSize="xs" mb={2} whiteSpace="pre-wrap">
-                                    {item.sentences}
-                                  </Text>
-                                )}
-                                <Text fontSize="xs" color="gray.300" mt={1}>
-                                  来源：{item.organization || '未知'}{item.author ? ` / ${item.author}` : ''}
+                      {Array.isArray(stock.relation_desc?.data) && stock.relation_desc.data.filter(item => item.query_part).map((item, index) => (
+                        <Tooltip
+                          key={index}
+                          label={
+                            <Box maxW="400px" p={2}>
+                              {item.sentences && (
+                                <Text fontSize="xs" mb={2} whiteSpace="pre-wrap">
+                                  {item.sentences}
                                 </Text>
-                                {item.report_title && (
-                                  <Text fontSize="xs" color="gray.300" noOfLines={2}>
-                                    {item.report_title}
-                                  </Text>
-                                )}
-                                {item.declare_date && (
-                                  <Text fontSize="xs" color="gray.400">
-                                    {new Date(item.declare_date).toLocaleDateString('zh-CN')}
-                                  </Text>
-                                )}
-                              </Box>
-                            }
-                            placement="top"
-                            hasArrow
-                            bg="rgba(20, 20, 20, 0.95)"
-                            color="white"
-                            maxW="420px"
+                              )}
+                              <Text fontSize="xs" color="gray.300" mt={1}>
+                                来源：{item.organization || '未知'}{item.author ? ` / ${item.author}` : ''}
+                              </Text>
+                              {item.report_title && (
+                                <Text fontSize="xs" color="gray.300" noOfLines={2}>
+                                  {item.report_title}
+                                </Text>
+                              )}
+                              {item.declare_date && (
+                                <Text fontSize="xs" color="gray.400">
+                                  {new Date(item.declare_date).toLocaleDateString('zh-CN')}
+                                </Text>
+                              )}
+                            </Box>
+                          }
+                          placement="top"
+                          hasArrow
+                          bg="rgba(20, 20, 20, 0.95)"
+                          color="white"
+                          maxW="420px"
+                        >
+                          <Text
+                            as="span"
+                            cursor="help"
+                            borderBottom="1px dashed"
+                            borderBottomColor="gray.500"
+                            _hover={{
+                              color: PROFESSIONAL_COLORS.gold[500],
+                              borderBottomColor: PROFESSIONAL_COLORS.gold[500],
+                            }}
+                            transition="all 0.2s"
                           >
-                            <Text
-                              as="span"
-                              cursor="help"
-                              borderBottom="1px dashed"
-                              borderBottomColor="gray.400"
-                              _hover={{
-                                color: PROFESSIONAL_COLORS.gold[500],
-                                borderBottomColor: PROFESSIONAL_COLORS.gold[500],
-                              }}
-                              transition="all 0.2s"
-                            >
-                              {item.query_part}
-                            </Text>
-                          </Tooltip>
-                          {index < arr.length - 1 && '；'}
-                        </React.Fragment>
+                            {item.query_part}
+                          </Text>
+                        </Tooltip>
                       ))}
                     </Text>
+                    {/* 引用来源 - 浅色显示在最后 */}
+                    {isDescExpanded && (
+                      <Text
+                        fontSize="10px"
+                        color="gray.500"
+                        mt={2}
+                        lineHeight="1.4"
+                      >
+                        来源：{Array.isArray(stock.relation_desc?.data) &&
+                          [...new Set(stock.relation_desc.data
+                            .filter(item => item.organization)
+                            .map(item => item.organization)
+                          )].join('、') || '研报数据'
+                        }
+                      </Text>
+                    )}
                   </Collapse>
                 </Box>
               </Tooltip>