Compress reading time, not the evidence chain压缩阅读时间，而不是压断证据链
A reliable financial statement summarizer should produce three linked layers. A 60-second brief identifies the entity, period, units, scope, and decision-changing movements. A five-minute brief connects income, balance-sheet, and cash-flow changes to notes without presenting management explanations as proven causes. An evidence appendix lists each material claim, source locator, input, calculation, assumption, uncertainty, and exclusion. Reserve summary space for identity, all three statements, explanations, uncertainty, and coverage—not only revenue and earnings headlines. A polished paragraph fails if it misreads units, treats a disposal gain as recurring, omits weak operating cash flow, or has no recoverable citation. Check every material AI-generated figure and explanation in the uploaded original statements and notes.
可靠的财务报表摘要应生成彼此相连的三层内容。60 秒摘要交代主体、期间、币种、单位、合并范围和少数会改变判断的变化；5 分钟摘要把利润表、资产负债表和现金流量表的变化连接到具体附注，但不能把管理层解释冒充已经证明的原因；证据附录则记录每项重大主张、来源位置、披露输入、计算、假设、不确定性和未覆盖文件。开始前要分配“压缩预算”，为报表身份、三张表、附注解释、流动性或会计不确定性以及覆盖声明预留位置，不能把全部篇幅都花在收入和利润标题上。若摘要错读单位、把处置收益当作经常性趋势、漏掉疲弱的经营现金流、没有可恢复引用，或隐瞒未读页面，即使文字流畅也不合格。AI 可以起草并组织三层摘要，但每个重大数字和解释都必须回到上传的原始报表与附注核验。
Give scarce summary space a budget before writing动笔前先给稀缺摘要空间分配预算
Familiar line items can crowd out the information that changes their meaning. Allocate twelve evidence slots for the 60-second layer. A slot may be a line, table cell, or warning; leave it empty when evidence is missing.
压缩天然带来风险：最熟悉的收入和净利润容易挤走真正改变其含义的信息。可以给 60 秒摘要分配十二个“证据槽”，它们不必机械对应十二句话，可以是短句、表格单元或警示。某一槽位没有证据时就明确留空，不要用猜测填满版面。
| Budget | Reserved slots | What survives compression |
|---|---|---|
| Identity | 2 | Entity and consolidation scope; statement date or period, currency, and units |
| Performance | 2 | Revenue and profit movement, with base period and any material nonrecurring item |
| Financial position | 2 | Cash availability, working-capital movement, debt, and a major asset-quality issue |
| Cash explanation | 2 | Operating cash movement and major investing or financing sources and uses |
| Notes and uncertainty | 2 | The disclosed explanation plus an alternative or unresolved question |
| Coverage | 2 | Documents reviewed, documents missing, citation convention, and cut-off date |
| 预算类别 | 预留槽位 | 压缩后必须保留什么 |
|---|---|---|
| 身份 | 2 | 主体与合并范围；报表时点或期间、币种及单位 |
| 经营表现 | 2 | 收入和利润变化、比较基期以及重大非经常项目 |
| 财务状况 | 2 | 现金可用性、营运项目变化、债务及重要资产质量问题 |
| 现金解释 | 2 | 经营现金变化，以及重大投资或融资来源与用途 |
| 附注与不确定性 | 2 | 披露解释，以及替代解释或尚未解决的问题 |
| 覆盖范围 | 2 | 已读文件、缺失文件、引用规则和资料截止日 |
Delete repetition before deleting scope, units, cash flow, qualifications, or citations. If one more headline requires removing the coverage statement, the headline does not fit.
压缩规则先删除重复表达，再考虑删减内容；主体范围、单位、现金流、限定条件和引用不能优先牺牲。若加入一个标题数字必须删掉覆盖声明，那么这个数字就不该进入最短层。
Make the three layers answer different reading needs让三层摘要分别服务不同阅读需要
State identity, then no more than five connected signals, including cash or balance-sheet evidence. End with the largest qualification and evidence cut-off. This layer directs attention; it does not prove the case.
60 秒：信号卡第一行先交代身份，再呈现不超过五个相互关联的信号，其中至少一个必须来自现金流或资产负债表；最后写最大限定条件和证据截止日。这一层只告诉读者注意力应放在哪里，不承担完整证明。
Organize income, financial position, and cash. Separate reported facts, calculations, note explanations, and interpretation. Add comparable periods and retain conflicting signals.
5 分钟：跨报表简报用“利润—财务状况—现金”组织内容。每个重大变化都区分披露事实、研究者计算、附注说法和仍属判断的部分，加入可比期间，并解释表面冲突的信号。
For each claim, record an ID, document, locator, period, unit, inputs, formula, and status. Include missing pages and extraction failures so a reviewer can reconstruct the short layers.
证据附录：恢复地图为每项主张设置编号，记录文件名、页码或章节、报表或附注、期间、单位、输入、公式和状态，并列出缺页及提取失败。复核者无需相信摘要工具，也能凭附录重建前两层。
The signal card should point to claim IDs, the brief to evidence rows, and the rows to sources. Record both PDF and printed page numbers when they differ. “Annual report” alone is not a recoverable citation.
三层内容应当链接，而不是复制。信号卡指向 5 分钟简报中的主张编号，简报指向证据行，证据行再定位源文件。若 PDF 页序与印刷页码不同，应同时记录；仅写“来源：年报”无法让复核者恢复证据。
KiteGlass: freeze the source pack and its labelsKiteGlass：先冻结资料包与标签
KiteGlass Laboratory Enclosures and all figures, notes, pages, explanations, and conclusions below are invented solely to test summarization. Amounts are USD thousands. They do not describe an issuer or security.
完全虚构的练习KiteGlass Laboratory Enclosures 及以下所有数字、附注、页码、解释和结论均为测试摘要而虚构，金额单位为千美元，不对应任何真实发行人或证券。
| Frozen input | 20X5 | 20X4 | Evidence locator |
|---|---|---|---|
| Revenue | 84,600 | 78,000 | Income statement p. 42; revenue Note 3 pp. 57–59 |
| Operating income | 8,100 | 6,900 | Income statement p. 42 |
| Gain on factory disposal | 2,400 | — | Other income; PP&E Note 8 p. 68 |
| Net income | 7,500 | 4,900 | Income statement p. 42 |
| Operating cash flow | 2,200 | 9,100 | Cash-flow statement p. 45 |
| Capital expenditure | (6,800) | (3,200) | Cash-flow statement p. 45; PP&E Note 8 |
| Factory-sale proceeds | 5,000 | — | Cash-flow statement p. 45 |
| Debt proceeds / repayments | 4,000 / (1,500) | — | Cash-flow statement p. 45; debt Note 11 p. 74 |
| Cash at year-end | 8,200 | 6,300 | Balance sheet p. 41 |
| Receivables / inventory | 13,700 / 12,100 | 9,400 / 8,600 | Balance sheet p. 41; Notes 4 and 5 |
| 冻结输入 | 20X5 | 20X4 | 证据定位 |
|---|---|---|---|
| 收入 | 84,600 | 78,000 | 利润表第 42 页；收入附注 3 第 57–59 页 |
| 营业利润 | 8,100 | 6,900 | 利润表第 42 页 |
| 工厂处置收益 | 2,400 | — | 其他收益；PP&E 附注 8 第 68 页 |
| 净利润 | 7,500 | 4,900 | 利润表第 42 页 |
| 经营活动现金流 | 2,200 | 9,100 | 现金流量表第 45 页 |
| 资本支出 | （6,800） | （3,200） | 现金流量表第 45 页；PP&E 附注 8 |
| 出售工厂所得 | 5,000 | — | 现金流量表第 45 页 |
| 借款所得 / 偿还本金 | 4,000 /（1,500） | — | 现金流量表第 45 页；债务附注 11 第 74 页 |
| 年末现金 | 8,200 | 6,300 | 资产负债表第 41 页 |
| 应收 / 存货 | 13,700 / 12,100 | 9,400 / 8,600 | 资产负债表第 41 页；附注 4 与 5 |
The package says scope is unchanged and the factory sale closed in the final quarter. Management links receivables to late-year shipments and inventory to a product launch. These explanations do not prove conversion to cash. With no later filing, post-year-end collection is unknown.
资料包还说明合并范围未改变，工厂出售在第四季度完成。管理层把应收增加部分归因于年末发货，把存货增加部分归因于新品发布。这些是已披露解释，不等于所有余额都会顺利转成现金。资料包没有期后事项附注之外的后续文件，也没有下一季申报，因此年末后的回款情况未知。
Autopsy a short summary that destroyed the signal解剖一份把信号压没的短摘要
“KiteGlass had a strong year: profit rose 53%, cash reached $8.2 billion, and improving operations funded expansion. Growth should continue.”
不合格摘要“KiteGlass 本年度表现强劲：利润增长 53%，现金达到 82 亿美元，经营改善为扩张提供资金，增长应会延续。”
| Failure | What the source actually permits | Repair |
|---|---|---|
| Unit failure | 8,200 in USD thousands equals USD 8.2 million, not billion | Carry currency and scale beside every extracted number |
| One-time item promoted to trend | Net income includes a 2,400 pre-tax disposal gain | Label the gain and avoid claiming recurring profit growth |
| Cash flow omitted | Operating cash fell from 9,100 to 2,200 | Reserve a cash slot even when the headline is earnings |
| Funding source reversed | Expansion cash also relied on 5,000 sale proceeds and net debt inflow | Name investing and financing flows |
| Cause overstated | Notes offer explanations for receivables and inventory, not proof of conversion | Attribute the explanation and state the missing follow-up |
| Forecast invented | The frozen package contains no forecast | Delete the prediction or label a separately supported assumption |
| 失败点 | 源文件实际允许怎样表述 | 修复方式 |
|---|---|---|
| 单位错误 | 单位为千美元，8,200 等于 820 万美元，不是 82 亿美元 | 每个提取数字旁都保留币种与数量级 |
| 把一次性项目提升为趋势 | 净利润包含税前 2,400 的处置收益 | 标注处置收益，避免声称经常性利润增长 |
| 遗漏现金流 | 经营现金从 9,100 降至 2,200 | 即使标题谈利润，也必须给现金预留槽位 |
| 颠倒资金来源 | 扩张现金还依赖 5,000 的资产出售所得及净债务流入 | 同时说明投资与融资现金流 |
| 过度确认原因 | 附注只是解释应收和存货变化，并未证明可以变现 | 注明解释来自管理层，并写出缺失的后续证据 |
| 编造预测 | 冻结资料包没有预测 | 删除预测，或另以有来源的假设明确标注 |
Reported growth is revenue: (84,600 − 78,000) ÷ 78,000 = 8.5%; operating income: (8,100 − 6,900) ÷ 6,900 = 17.4%; and net income: (7,500 − 4,900) ÷ 4,900 = 53.1%. The 2,400 pre-tax gain equals 32.0% of after-tax net income, a scale indicator—not adjusted earnings. A tax-effect assumption is needed for that calculation.
披露数据可复算为：收入增长（84,600 − 78,000）÷ 78,000 = 8.5%；营业利润增长（8,100 − 6,900）÷ 6,900 = 17.4%；净利润增长（7,500 − 4,900）÷ 4,900 = 53.1%，均保留一位小数。但计算本身不能证明利润质量。2,400 的处置收益相当于报告净利润的 32.0%，不过前者是税前金额、后者是税后金额，这只能显示规模，不能作为调整后利润公式；若要计算调整后净利润，还需要对处置收益税务影响作出明确且有依据的假设。
Rebuild the same pack as a reviewable summary把同一资料包重建为可复核摘要
“KiteGlass Laboratory Enclosures — fictional consolidated year ended 31 Dec 20X5; USD thousands; unchanged consolidation scope. Revenue rose 8.5% and operating income 17.4%. Net income rose 53.1% but includes a 2,400 pre-tax factory-disposal gain. Operating cash fell to 2,200 from 9,100 as receivables and inventory grew; year-end cash of 8,200 also reflects 5,000 sale proceeds and 2,500 net debt inflow. Management links working-capital growth to year-end shipments and a product launch; post-year-end collection is not established. Sources: statements pp. 41–45 and Notes 3–5, 8, 11; package cut off at the annual statements.”
60 秒层“KiteGlass Laboratory Enclosures——虚构合并财报，截至 20X5 年 12 月 31 日年度，单位千美元，合并范围未变。收入增长 8.5%，营业利润增长 17.4%；净利润增长 53.1%，但包含税前 2,400 的工厂处置收益。应收与存货上升期间，经营现金由 9,100 降至 2,200；年末现金 8,200 还受到 5,000 资产出售所得和 2,500 净借款流入支持。管理层把营运项目增加归因于年末发货及新品发布，年末后回收情况尚无证据。来源：报表第 41–45 页、附注 3–5、8、11；资料截止于本年度财报包。”
| Five-minute claim | Evidence status | Appendix entry |
|---|---|---|
| Sales and operating profit increased on unchanged scope | Reported facts plus calculated growth | KG-01: p. 42, Note 3, inputs and formulas |
| Net income growth is not wholly recurring | Reported disposal gain; interpretation is bounded | KG-02: p. 42, Note 8; tax effect not calculated |
| Profit and operating cash diverged | Reported facts; bridge is reproducible | KG-03: p. 45; NI 7,500 − gain 2,400 + D&A 2,800 − AR 4,300 − inventory 3,500 + payables 1,200 + other 900 = CFO 2,200 |
| Closing cash did not come only from operations | Reported cash-flow classification | KG-04: CFO 2,200 − capex 6,800 + sale 5,000 + borrowing 4,000 − repayment 1,500 − dividend 1,000 = +1,900 |
| Cash roll-forward closes | Calculated check | KG-05: opening 6,300 + change 1,900 = closing 8,200 |
| Collection outcome is unknown | Missing evidence, not negative fact | KG-06: no later filing; request aging and subsequent receipts |
| 5 分钟层主张 | 证据状态 | 附录条目 |
|---|---|---|
| 在合并范围未变情况下，收入和营业利润上升 | 披露事实加增长率计算 | KG-01：第 42 页、附注 3、输入与公式 |
| 净利润增长并非全部可重复 | 已披露处置收益；判断有边界 | KG-02：第 42 页、附注 8；未计算税务影响 |
| 利润与经营现金背离 | 披露事实；变化桥可复算 | KG-03：第 45 页；净利润 7,500 − 收益 2,400 + 折旧摊销 2,800 − 应收增加 4,300 − 存货增加 3,500 + 应付增加 1,200 + 其他 900 = 经营现金 2,200 |
| 期末现金并非只来自经营 | 已披露现金流分类 | KG-04：经营现金 2,200 − capex 6,800 + 出售所得 5,000 + 借款 4,000 − 还本 1,500 − 股利 1,000 = 净增加 1,900 |
| 现金滚动闭合 | 研究者复算 | KG-05：期初 6,300 + 增加 1,900 = 期末 8,200 |
| 回款结果未知 | 缺失证据，不是负面事实 | KG-06：没有后续申报；需补应收账龄与期后回款 |
Keep an information-loss register beside the summary在摘要旁保留信息损失登记表
- Reported fact: keep entity, scope, period, currency, units, sign, and locator; do not silently normalize.
- Calculation: show inputs, formula, denominator, rounding, and reconciliation. A calculated rate is not a company claim.
- Assumption: label inserted tax rates, classifications, normalizations, or estimates. KiteGlass has no tax adjustment in the short layer.
- Judgment: write “cash conversion weakened in this period,” not a durable-trend claim.
- Management explanation: attribute it; association is not proven causation.
- Not covered: name unread notes, exhibits, later filings, or corrupted pages. Omitted from the summary does not mean absent from the filing.
- 披露事实：连同主体、范围、期间、币种、单位、正负号和定位一起抄录报表或附注，不能默默标准化。
- 计算：展示披露输入、公式、分母、舍入和勾稽检查。研究者计算的增长率不是公司披露的主张。
- 假设：列明补入的税率、分类选择、正常化和缺失期间估计。KiteGlass 最短层没有假设税务调整。
- 判断：使用“本期现金转化减弱”这类有边界措辞，不能把一个期间写成长久趋势。
- 管理层解释：必须归因。“管理层称存货增加与新品备货有关”不同于“新品导致存货增加”。
- 未覆盖：列出未读子公司材料、附注、附件、审计材料、后续申报或损坏页面。摘要没写不代表原文件不存在。
When shortening, remove any claim that would lose its unit, period, source, qualification, or counter-signal. Preserve the evidence layer and version the manifest, prompt, draft, corrections, final summary, and review date.
再次压缩时采用“一进一出”规则：若一项主张将失去单位、期间、来源、限定条件或反向信号，就删除这项主张，而不是掩盖信息损失。即使管理层摘要不断修改，也要保留完整证据层。对源文件清单、提示、初稿、人工修改、终稿和复核日期分别做版本记录，后续读者才能知道自己看到的是哪一次压缩。
Release only after a claim-by-claim compression check逐项检查压缩损失后再交付
- Freeze the manifest; identify entity, period, units, scope, basis, audit status, cut-off, and unread files.
- Extract primary statements and the note index. Perform cash and other available reconciliation checks.
- Draft evidence rows first. Assign claim IDs only after a locator and evidence status exist.
- Build the five-minute layer from approved IDs, preserving contradictions among earnings, cash, balances, and notes.
- Spend the twelve slots on the 60-second layer without hiding scope, units, cash, uncertainty, or coverage.
- Have a reviewer reopen every material source and mark each claim supported, corrected, uncertain, or excluded.
- 冻结完整源文件清单，识别主体、期间、单位、范围、会计基础、审计状态和截止日；在生成文字前标出无法读取或缺失的文件。
- 把主表和附注索引提取到来源表，在资料允许时勾稽期初期末现金、资产与请求权、净利润与留存收益。
- 先写证据附录。只有在存在定位和证据状态后才分配主张 ID；变化率必须从保存的输入计算。
- 从已批准主张 ID 生成 5 分钟层，保留利润、现金、余额和附注解释之间的矛盾，不能为了顺滑而消除冲突。
- 用十二槽预算生成 60 秒层，逐行测试：删掉该行是否会掩盖范围、单位、现金、不确定性或覆盖情况。
- 由复核者为每项重大主张重新打开原始页或表格，标记支持、纠正、不确定或排除，并记录最终证据截止日。
Use InfiniSynapse for a traceable compression run用 InfiniSynapse 执行可追踪压缩
Stock Explained is an InfiniSynapse experience, and InfiniSynapse publishes this page. The description below is first-party product context, not an independent accuracy test or a claim that the tool is best.
第一方披露Stock Explained 属于 InfiniSynapse 体验，本页也由 InfiniSynapse 发布。下述内容是第一方产品背景，不是独立准确性测试，也不表示该工具优于其他产品。
InfiniSynapse documentation describes creating a data source, uploading local files, selecting it for questions, and adding knowledge-base documents. Public material also describes analytical artifacts. That supports testing an uploaded package, but does not guarantee unit fidelity, this three-layer format, every PDF, or a stated accuracy. Confirm current behavior and terms, preserve the draft, and reopen each original source before accepting a material line.
InfiniSynapse 官方文档说明可以创建数据源、上传本地文件、选择该数据源提问，并向知识库加入文档；公开网站也描述分析输出与工作区产物。这些公开陈述足以支持对上传财报包进行测试，但不能保证某个界面一定保留单位、自动生成本文三层格式、接受每一种 PDF，或达到某个准确率。使用前应核对当前已启用行为与适用条款，在提示中明确输出结构，保存生成初稿，并由人工重新打开每张原始报表和附注后再接受任何重大表述。
Upload the statements, note index, and summary contract上传报表、附注索引和摘要契约
Prepare authorized statements, policies, notes, auditor material, and relevant management discussion for the same entity and periods. Add a manifest with dates, currency, units, scope, page conventions, amendments, missing files, and evidence cut-off. Remove unnecessary confidential or personal information.
Ask Stock Explained to draft evidence rows before the five-minute and 60-second layers. Require claim IDs, locators, inputs, formulas, attributed explanations, assumptions, uncertainties, and exclusions. AI may omit context, transpose figures, or infer causes. Reopen uploaded originals to verify every material number, period, unit, scope, calculation, quotation, and explanation.
准备同一主体和期间的获授权利润表、资产负债表、现金流量表、权益变动表、会计政策、附注、审计材料和相关管理层讨论。另附清单，写明文件名、文档日期、币种、单位、合并范围、页码规则、修订、缺失文件和证据截止日。上传前删除不必要的机密信息或个人信息。
要求 Stock Explained 先生成证据附录，再生成 5 分钟与 60 秒层；每项内容应包含主张 ID、精确来源位置、披露输入、公式、归因解释、假设、不确定性和未覆盖登记。AI 输出可能遗漏语境、错置数字或推断没有证据的原因。分享摘要前，必须重新打开上传的原始报表与附注，逐项核验重大数字、期间、单位、范围、计算、引文和解释，并纠正或标记失败项。
Include all primary statements, note index, comparative periods, scope and units, document manifest, twelve-slot budget, claim schema, missing-file register, and source-location convention.
请包含全部主表、附注索引、可比期间、范围与单位、文件清单、十二槽预算、主张字段、缺失文件登记和来源定位规则。
Open Stock Explained打开“一眼看懂这只股票”Questions after the first summary draft第一版摘要生成后的问题
Keep identity, periods, units, scope, three-statement signals, the largest qualification, coverage, and citations. If they do not fit, link a signal card to a deeper evidence layer.
财务报表摘要最短可以多短？只要不丢主体身份、期间、单位、范围、三表信号、最大限定条件、覆盖说明和可恢复引用，就可以继续缩短。若这些内容无法放入一页，应使用链接到深层内容的信号卡，而不是剪断证据链。
No. Prioritize material movements and counter-signals. The appendix preserves source routes, while the coverage register names excluded areas.
每个报表项目都应进入 60 秒层吗？不需要。稀缺位置应留给重大变化和反向信号，证据附录保留通往报表与附注的路径，覆盖登记则明确哪些领域没有进入摘要。
Only with attribution. State that management links a movement to an event, then identify corroborating or missing evidence. Narrative is not proof of causation.
能否把管理层解释直接摘要为原因？只有在注明来源并保留边界时才可以。应写“管理层把该变化与某事件联系起来”，再列出支持或缺失证据；叙述解释不会自动成为因果证明。
Preserve source units and convert only in a labeled calculation. Record the factor and check magnitude; silently changing thousands to millions creates a 1,000-fold error.
如果主表与附注使用不同单位怎么办？保留每个来源的原始单位，只能在有标签的计算中换算，并记录换算因子和数量级检查。不能默默把千换成百万，否则结果可能相差一千倍。
Mark it unread, name affected claims, and lower coverage. Do not infer content from a heading, another year, or commentary; obtain a readable original.
无法读取的附注应该怎样处理？把附注明确标为未读，列出受影响主张并降低覆盖范围。不能从标题、另一年度或管理层评论推测其内容；在取得可读原件前，这些主张不能结案。
Regenerate after an amendment, restatement, corrected source, new period, or material extraction fix. Keep the prior version and identify changed claims.
什么情况下必须重新生成摘要？修订申报、重述、纠正后的源文件、新可比期间或重大提取修复改变证据集时，必须重新生成并复核。保留旧版本，同时说明哪些主张发生变化。
Official sources for statements, evidence, and review报表、证据与复核的一手来源
KiteGlass Laboratory Enclosures, its statements, notes, pages, explanations, amounts, and summaries are fictional. The exercise demonstrates information-loss controls and does not evaluate a real issuer or predict results.
Product behavior, supported formats, limits, accuracy, prices, privacy, retention, models, interfaces, and output formats can change or depend on configuration. Verify current official documentation and applicable terms. A generated summary is not a substitute for the complete original filing, professional accounting or legal review, or individualized investment analysis.
KiteGlass Laboratory Enclosures 及其报表、附注、页码、解释、金额和摘要均为虚构。本练习用于展示信息损失控制，不评价任何真实发行人，也不预测其结果。
产品行为、支持格式、限制、准确性、价格、隐私、保留、模型、界面和输出格式可能变化或取决于配置。请核对当前官方文档与适用条款。生成摘要不能替代完整原始申报、专业会计或法律复核以及个性化投资分析。