{
  "run_id": "public-agent-run-2026-08-13-01",
  "executed_at": "2026-08-13",
  "executor": "Codex，按仓库内四个公开 Skill 逐步执行",
  "runtime_note": "本记录是一次真实的 Agent 流程执行；输入企业和数值均为公开虚构演示数据，网页端没有调用外部模型 API。",
  "input": "input/source-packet.json",
  "skill_sequence": [
    "source-evidence-audit",
    "knowledge-principle-forging",
    "evidence-bound-finance-review",
    "validate-and-correct"
  ],
  "steps": [
    {
      "step": 1,
      "skill": "source-evidence-audit",
      "selection_reason": "研究判断开始前需要确认来源身份、公开边界和证据定位。",
      "output": {
        "source_audit": {
          "case_id": "public-finance-run-01",
          "records": [
            {
              "source_id": "S-01",
              "source_class": "synthetic_demo",
              "synthetic": true,
              "evidence_ids": ["E-001", "E-002", "E-003"],
              "traceability": "complete",
              "rights_status": "public",
              "allowed_role": "core_evidence",
              "limitations": ["仅用于公开流程演示，不代表真实人物或机构观点"]
            },
            {
              "source_id": "S-02",
              "source_class": "synthetic_demo",
              "synthetic": true,
              "evidence_ids": ["R-001", "R-002", "R-003", "R-004"],
              "traceability": "complete",
              "rights_status": "public",
              "allowed_role": "core_evidence",
              "limitations": ["阈值为演示检查表规则，不代表市场通用标准"]
            },
            {
              "source_id": "F-01",
              "source_class": "task_fact",
              "synthetic": true,
              "evidence_ids": ["F1-001", "F1-002", "F1-003", "F1-004", "F1-005"],
              "traceability": "complete",
              "rights_status": "public",
              "allowed_role": "core_evidence",
              "limitations": ["第一期虚构经营快照"]
            },
            {
              "source_id": "F-02",
              "source_class": "task_fact",
              "synthetic": true,
              "evidence_ids": ["F2-001", "F2-002", "F2-003", "F2-004", "F2-005"],
              "traceability": "complete",
              "rights_status": "public",
              "allowed_role": "core_evidence",
              "limitations": ["第二期虚构验证快照"]
            }
          ],
          "evidence_index": [
            {"evidence_id": "E-001", "source_id": "S-01", "locator": "原则说明第1条", "content": "判断经营增长时，同时检查收入、毛利、经营现金流和应收账款的变化。"},
            {"evidence_id": "E-002", "source_id": "S-01", "locator": "原则说明第2条", "content": "客户集中度上升会提高单一客户变化对经营结果的影响，需要标注并持续验证。"},
            {"evidence_id": "E-003", "source_id": "S-01", "locator": "原则说明第3条", "content": "资料缺失时保留未知项并交由人工确认，不把推断写成事实。"},
            {"evidence_id": "R-001", "source_id": "S-02", "locator": "检查表第1项", "content": "毛利率变化低于-2个百分点时，标记毛利承压。"},
            {"evidence_id": "R-002", "source_id": "S-02", "locator": "检查表第2项", "content": "应收账款增速减收入增速高于15个百分点时，标记回款质量风险。"},
            {"evidence_id": "R-003", "source_id": "S-02", "locator": "检查表第3项", "content": "经营现金流增速低于0%时，标记现金转化风险。"},
            {"evidence_id": "R-004", "source_id": "S-02", "locator": "检查表第4项", "content": "最大客户收入占比高于35%时，标记客户集中风险。"},
            {"evidence_id": "F1-001", "source_id": "F-01", "locator": "revenue_growth_pct", "content": 18},
            {"evidence_id": "F1-002", "source_id": "F-01", "locator": "gross_margin_change_points", "content": -4.2},
            {"evidence_id": "F1-003", "source_id": "F-01", "locator": "receivables_growth_pct", "content": 42},
            {"evidence_id": "F1-004", "source_id": "F-01", "locator": "operating_cash_flow_growth_pct", "content": -28},
            {"evidence_id": "F1-005", "source_id": "F-01", "locator": "top_customer_share_pct", "content": 36},
            {"evidence_id": "F2-001", "source_id": "F-02", "locator": "revenue_growth_pct", "content": 12},
            {"evidence_id": "F2-002", "source_id": "F-02", "locator": "gross_margin_change_points", "content": -3.1},
            {"evidence_id": "F2-003", "source_id": "F-02", "locator": "receivables_growth_pct", "content": 37},
            {"evidence_id": "F2-004", "source_id": "F-02", "locator": "operating_cash_flow_growth_pct", "content": -18},
            {"evidence_id": "F2-005", "source_id": "F-02", "locator": "top_customer_share_pct", "content": 44}
          ],
          "gaps": ["没有真实企业资料，不能形成真实企业判断"],
          "human_confirmation": ["确认本案例只用于比赛演示"]
        }
      }
    },
    {
      "step": 2,
      "skill": "knowledge-principle-forging",
      "selection_reason": "把审核通过的演示资料转为可执行原则和有出处的明确规则。",
      "output": {
        "principle_set": {
          "case_id": "public-finance-run-01",
          "principles": [
            {
              "principle_id": "P-01",
              "title": "增长质量联合检查",
              "statement": "经营增长需要结合收入、毛利、经营现金流和应收账款共同判断。",
              "applies_when": ["任务提供同一期间的收入、毛利、现金流和应收变化"],
              "stops_when": ["指标口径或期间不可比较"],
              "evidence_refs": ["E-001"],
              "inference": false,
              "confidence": "high"
            },
            {
              "principle_id": "P-02",
              "title": "客户集中持续验证",
              "statement": "客户集中度上升需要标注风险并在后续期间持续验证。",
              "applies_when": ["任务提供最大客户收入占比"],
              "stops_when": ["客户口径发生变化且无法还原"],
              "evidence_refs": ["E-002"],
              "inference": false,
              "confidence": "high"
            },
            {
              "principle_id": "P-03",
              "title": "未知项与人工确认",
              "statement": "缺失内容保持未知，Agent 推断单列并交由人确认。",
              "applies_when": ["核心资料不完整或需要形成研究判断"],
              "stops_when": [],
              "evidence_refs": ["E-003"],
              "inference": false,
              "confidence": "high"
            }
          ],
          "explicit_rules": [
            {"rule_id": "RULE-001", "condition": "毛利率变化<-2个百分点", "evidence_refs": ["R-001"]},
            {"rule_id": "RULE-002", "condition": "应收账款增速-收入增速>15个百分点", "evidence_refs": ["R-002"]},
            {"rule_id": "RULE-003", "condition": "经营现金流增速<0%", "evidence_refs": ["R-003"]},
            {"rule_id": "RULE-004", "condition": "最大客户收入占比>35%", "evidence_refs": ["R-004"]}
          ],
          "reasoning_order": ["确认事实期间和口径", "检查增长质量", "检查客户集中", "登记未知项", "请求人工确认"],
          "conflicts": [],
          "unknowns": ["产品与客户结构明细", "账龄与真实回款", "估值和竞争格局"],
          "human_confirmation": ["阈值只用于虚构演示", "不把本次结果升级为市场通用规则"]
        }
      }
    },
    {
      "step": 3,
      "skill": "evidence-bound-finance-review",
      "selection_reason": "使用第一期事实执行有证据编号的风险检查，并形成受边界约束的研究判断。",
      "output": {
        "finance_review": {
          "review_id": "FR-01",
          "case_id": "public-finance-run-01",
          "synthetic": true,
          "question": "是否将澄明制造加入长期研究观察名单？",
          "current_judgment": "暂缓加入长期研究观察名单；先核验回款、现金转化和客户结构。",
          "confidence": "medium",
          "facts": [
            {"statement": "收入增长18%", "evidence_refs": ["F1-001"]},
            {"statement": "毛利率变化-4.2个百分点", "evidence_refs": ["F1-002"]},
            {"statement": "应收账款增长42%", "evidence_refs": ["F1-003"]},
            {"statement": "经营现金流增长-28%", "evidence_refs": ["F1-004"]},
            {"statement": "最大客户收入占比36%", "evidence_refs": ["F1-005"]}
          ],
          "rule_checks": [
            {"rule_id": "RULE-001", "calculation": "-4.2<-2", "result": "triggered", "evidence_refs": ["R-001", "F1-002"]},
            {"rule_id": "RULE-002", "calculation": "42-18=24>15", "result": "triggered", "evidence_refs": ["R-002", "F1-001", "F1-003"]},
            {"rule_id": "RULE-003", "calculation": "-28<0", "result": "triggered", "evidence_refs": ["R-003", "F1-004"]},
            {"rule_id": "RULE-004", "calculation": "36>35", "result": "triggered", "evidence_refs": ["R-004", "F1-005"]}
          ],
          "risks": [
            {"risk_id": "margin_pressure", "status": "observed", "basis_refs": ["R-001", "F1-002"]},
            {"risk_id": "collection_quality", "status": "observed", "basis_refs": ["R-002", "F1-001", "F1-003"]},
            {"risk_id": "cash_conversion", "status": "observed", "basis_refs": ["R-003", "F1-004"]},
            {"risk_id": "customer_concentration", "status": "observed", "basis_refs": ["R-004", "F1-005"]}
          ],
          "principle_refs": ["P-01", "P-02", "P-03"],
          "agent_inferences": ["四项演示规则同时触发，当前经营增长的质量证据不足，因此暂缓进入观察名单。"],
          "unknowns": ["产品与客户结构明细", "应收账款账龄和回款记录", "资本开支与新增产能利用率", "估值和竞争者比较"],
          "disconfirming_evidence_needed": ["应收与现金流连续改善", "最大客户占比下降", "毛利率压力缓解"],
          "next_validation": ["用第二期同口径数据重新执行四项规则"],
          "human_confirmation": {
            "required": true,
            "questions": ["是否接受暂缓判断？", "是否认可第二期继续验证的指标范围？"]
          },
          "trade_execution_allowed": false
        }
      }
    },
    {
      "step": 4,
      "skill": "validate-and-correct",
      "selection_reason": "第二期事实已提供，需要验证上期判断，并保存风险变化和修正依据。",
      "output": {
        "validation_record": {
          "case_id": "public-finance-run-01",
          "prior_review_id": "FR-01",
          "new_evidence_refs": ["F2-001", "F2-002", "F2-003", "F2-004", "F2-005"],
          "comparable": true,
          "risk_updates": [
            {
              "risk_id": "margin_pressure",
              "previous_status": "triggered(-4.2)",
              "current_status": "triggered(-3.1)",
              "change": "weakened",
              "calculation": "-3.1仍低于-2，但较-4.2改善1.1个百分点",
              "evidence_refs": ["R-001", "F1-002", "F2-002"]
            },
            {
              "risk_id": "collection_quality",
              "previous_status": "triggered(42-18=24)",
              "current_status": "triggered(37-12=25)",
              "change": "strengthened",
              "calculation": "增速差由24升至25个百分点",
              "evidence_refs": ["R-002", "F1-001", "F1-003", "F2-001", "F2-003"]
            },
            {
              "risk_id": "cash_conversion",
              "previous_status": "triggered(-28)",
              "current_status": "triggered(-18)",
              "change": "weakened",
              "calculation": "仍低于0%，但降幅收窄10个百分点",
              "evidence_refs": ["R-003", "F1-004", "F2-004"]
            },
            {
              "risk_id": "customer_concentration",
              "previous_status": "triggered(36)",
              "current_status": "triggered(44)",
              "change": "strengthened",
              "calculation": "最大客户占比由36%升至44%",
              "evidence_refs": ["R-004", "F1-005", "F2-005"]
            }
          ],
          "judgment_action": "maintain",
          "revised_judgment": "维持暂缓加入长期研究观察名单的判断；毛利和现金流压力有所减弱，应收增速差与客户集中风险增强。",
          "reason": "四项规则在第二期仍全部触发，风险方向出现分化，支撑维持总判断并更新风险强度。",
          "error_attribution": {
            "source_gap": ["账龄、回款和客户合同仍缺失"],
            "principle_issue": [],
            "condition_issue": [],
            "inference_issue": [],
            "execution_issue": []
          },
          "principle_change_proposed": false,
          "next_validation": ["补充应收账龄与真实回款", "核验最大客户合同稳定性", "继续观察毛利与现金流改善是否持续"],
          "human_confirmation": {
            "required": true,
            "questions": ["是否维持暂缓判断？", "是否把客户集中风险提高为下一期首要核验项？"]
          }
        }
      }
    }
  ],
  "human_confirmation": {
    "status": "pending_demo_reviewer",
    "required": true,
    "items": [
      "确认全部数据为虚构演示",
      "确认暂缓判断只用于研究流程展示",
      "确认不产生交易指令",
      "确认长期原则没有因单次验证自动修改"
    ]
  },
  "final_boundary": {
    "investment_advice": false,
    "trade_execution_allowed": false,
    "real_company_conclusion": false
  }
}