:root {
  --ink:#172018; --muted:#657069; --paper:#f4f1e8; --card:#fffdf7;
  --line:#d9d4c8; --green:#244f3d; --green2:#3f735c; --gold:#bc8a3d;
  --red:#a24b43; --blue:#486d8c; --shadow:0 14px 40px rgba(28,39,30,.08);
  --sans:-apple-system,BlinkMacSystemFont,"PingFang SC","Hiragino Sans GB","Microsoft YaHei","Noto Sans CJK SC","Source Han Sans SC",Arial,sans-serif;
  --serif:"Songti SC","STSong","Noto Serif CJK SC","Source Han Serif SC",serif;
}
*{box-sizing:border-box} html{scroll-behavior:smooth} body{margin:0;background:var(--paper);color:var(--ink);font-family:var(--sans);line-height:1.72}
a{color:inherit} button{font:inherit} .shell{max-width:1480px;margin:0 auto;padding:0 28px 72px}
.topbar{position:sticky;top:0;z-index:20;background:rgba(244,241,232,.94);backdrop-filter:blur(18px);border-bottom:1px solid var(--line)}
.topbar-inner{max-width:1480px;margin:auto;display:flex;align-items:center;justify-content:space-between;padding:12px 28px;gap:20px}
.brand{display:flex;align-items:center;gap:11px;text-decoration:none;font-weight:750;letter-spacing:.04em}.brand-mark{width:31px;height:31px;border-radius:50%;background:var(--green);color:#fff;display:grid;place-items:center;font-family:var(--serif)}
.top-actions{display:flex;gap:8px;align-items:center}.chip{font-size:12px;padding:5px 10px;border:1px solid var(--line);border-radius:999px;background:#fff9;color:var(--muted)}
.hero{padding:72px 0 36px;display:grid;grid-template-columns:1.3fr .7fr;gap:44px;align-items:end;border-bottom:1px solid var(--line)}
.eyebrow{font-size:12px;font-weight:800;letter-spacing:.18em;text-transform:uppercase;color:var(--green2)}
h1{font-family:var(--serif);font-size:clamp(42px,6vw,84px);line-height:1.04;margin:12px 0 20px;letter-spacing:-.04em;font-weight:700}
.hero p{font-size:17px;color:var(--muted);max-width:780px}.hero-note{background:var(--green);color:#f6f0df;border-radius:24px;padding:28px;box-shadow:var(--shadow)}.hero-note strong{font-family:var(--serif);font-size:28px;display:block;margin:6px 0}.hero-note p{color:#e6e1d4;font-size:14px}
.section-head{display:flex;align-items:end;justify-content:space-between;gap:20px;margin:52px 0 18px}.section-head h2{font-family:var(--serif);font-size:32px;margin:0}.section-head p{margin:0;color:var(--muted);font-size:14px}
.filters{display:flex;gap:8px;flex-wrap:wrap}.filter{border:1px solid var(--line);background:var(--card);padding:8px 13px;border-radius:999px;cursor:pointer;color:var(--muted)}.filter.active{background:var(--green);border-color:var(--green);color:white}
.company-grid{display:grid;grid-template-columns:repeat(4,1fr);gap:15px}.company-card{background:var(--card);border:1px solid var(--line);border-radius:18px;padding:20px;box-shadow:0 5px 20px rgba(28,39,30,.04);text-decoration:none;transition:.2s transform,.2s box-shadow;min-height:235px;display:flex;flex-direction:column}.company-card:hover{transform:translateY(-4px);box-shadow:var(--shadow)}
.card-kicker{display:flex;justify-content:space-between;color:var(--muted);font-size:12px}.company-card h3{font-family:var(--serif);font-size:25px;margin:13px 0 4px}.thesis{font-size:13px;color:var(--muted);line-height:1.55;flex:1}.metric-row{display:grid;grid-template-columns:1fr 1fr;gap:8px;border-top:1px solid var(--line);padding-top:13px;margin-top:14px}.metric small{display:block;color:var(--muted);font-size:10px}.metric strong{font-size:17px}.neg{color:var(--red)}.pos{color:var(--green2)}
.compare-wrap{overflow:auto;border:1px solid var(--line);border-radius:18px;background:var(--card)} table{width:100%;border-collapse:collapse;font-size:13px}th,td{padding:11px 13px;text-align:right;border-bottom:1px solid #e8e3d8;white-space:nowrap}th:first-child,td:first-child{text-align:left}th{position:sticky;top:0;background:#ebe6d9;color:#4b554f;font-size:11px;letter-spacing:.03em}tr:hover td{background:#faf7ef}
.legend{margin:15px 0;color:var(--muted);font-size:12px}.method-band{display:grid;grid-template-columns:repeat(3,1fr);gap:16px}.method-card{background:var(--card);border:1px solid var(--line);border-radius:18px;padding:22px}.method-card b{font-family:var(--serif);font-size:20px}.method-card p{font-size:13px;color:var(--muted)}
.footer{border-top:1px solid var(--line);margin-top:60px;padding:24px 0;color:var(--muted);font-size:12px;display:flex;justify-content:space-between;gap:20px}

/* company */
.company-hero{padding:52px 0 30px;border-bottom:1px solid var(--line)}.company-title{display:flex;justify-content:space-between;gap:30px;align-items:end}.company-title h1{font-size:clamp(40px,5vw,68px);margin-bottom:8px}.code{color:var(--muted);font-size:14px;letter-spacing:.12em}.status{padding:7px 12px;border-radius:999px;background:#eadfbd;color:#72551f;font-size:12px}
.company-actions{display:flex;align-items:center;gap:9px;flex-wrap:wrap}.download{padding:8px 13px;border-radius:999px;background:var(--green);color:white;text-decoration:none;font-size:12px}.download:hover{background:var(--green2)}
.valuation-strip{display:grid;grid-template-columns:repeat(5,1fr);gap:10px;margin-top:28px}.val-box{background:var(--card);border:1px solid var(--line);border-radius:14px;padding:15px}.val-box small{display:block;color:var(--muted);font-size:11px}.val-box strong{font-size:23px}.val-box em{display:block;color:var(--muted);font-size:10px;font-style:normal;margin-top:2px}
.company-layout{display:grid;grid-template-columns:240px minmax(0,1fr) 300px;gap:28px;margin-top:30px}.toc{position:sticky;top:72px;align-self:start;max-height:calc(100vh - 90px);overflow:auto;padding-right:12px}.toc a{display:block;text-decoration:none;color:var(--muted);font-size:12px;padding:5px 0;border-left:2px solid transparent;padding-left:10px}.toc a:hover{color:var(--green);border-color:var(--green)}
.report{min-width:0;background:var(--card);border:1px solid var(--line);border-radius:22px;padding:clamp(24px,4vw,52px);box-shadow:var(--shadow)}.report h2{font-family:var(--serif);font-size:28px;margin:48px 0 15px;padding-top:12px;border-top:1px solid var(--line)}.report h2:first-child{margin-top:0;border-top:0}.report h3{font-size:18px;margin-top:30px}.report p{color:#2d3831}.report blockquote{border-left:4px solid var(--gold);margin:20px 0;padding:8px 18px;background:#f5efe0;color:#56472e}.report code{background:#ece7dc;padding:2px 5px;border-radius:4px;font-size:.9em}.report pre{background:#1f2d25;color:#edf1e9;padding:18px;border-radius:12px;overflow:auto}.report table{margin:18px 0;border:1px solid var(--line)}.report ul,.report ol{padding-left:22px}.report li{margin:6px 0}.report strong{color:#153f31}
.learning-intro{margin-bottom:40px}.learning-grid{display:grid;grid-template-columns:1fr 1fr;gap:10px}.learning-step{border-left:3px solid var(--green2);padding:12px 15px;background:#f5f1e7}.learning-step small{display:block;color:var(--green2);font-weight:800;letter-spacing:.08em}.learning-step p{margin:4px 0 0;font-size:14px;line-height:1.55}.point-list{list-style:none!important;padding:0!important;display:grid;gap:8px}.point-list li{position:relative;padding:9px 12px 9px 31px;background:#f7f3ea;border-radius:9px;margin:0!important}.point-list li:before{content:'•';position:absolute;left:13px;color:var(--green2);font-weight:900}
.analysis-block{margin:42px 0}.analysis-block>h2{display:flex;align-items:center;gap:10px}.step-no{display:inline-grid;place-items:center;width:28px;height:28px;border-radius:50%;background:var(--green);color:#fff;font:700 13px var(--sans)}
.chart-controls{display:flex;gap:6px;flex-wrap:wrap;margin:12px 0}.chart-btn{border:1px solid var(--line);background:#fff;padding:6px 10px;border-radius:999px;cursor:pointer;font-size:11px;color:var(--muted)}.chart-btn.active{background:var(--green);border-color:var(--green);color:#fff}.wide-chart{height:260px;width:100%;margin:8px 0 18px}.wide-chart canvas{width:100%;height:100%}.chart-grid{display:grid;grid-template-columns:1fr 1fr;gap:18px}.chart-box h3{font-size:15px;margin:0}.chart-note{font-size:11px;color:var(--muted);margin:5px 0 8px}
.formula-flow{display:grid;grid-template-columns:repeat(5,1fr);gap:8px;align-items:stretch;margin:18px 0}.formula-step{background:#f4f0e7;padding:13px;border-radius:10px;position:relative}.formula-step:not(:last-child):after{content:'→';position:absolute;right:-9px;top:34%;z-index:2;color:var(--gold);font-weight:900}.formula-step small{display:block;color:var(--muted);font-size:10px}.formula-step b{display:block;font-size:16px;margin:4px 0}.formula-step code{font-size:10px;background:none;padding:0;color:var(--muted)}
.calc-panel{background:#1f2d25;color:#edf1e9;padding:20px;border-radius:14px;margin:18px 0}.calc-panel h3{margin:0 0 12px;color:white}.calc-line{display:grid;grid-template-columns:1fr auto;gap:15px;padding:8px 0;border-bottom:1px solid #ffffff1f}.calc-line:last-child{border:0}.calc-line span{color:#cbd3cc}.calc-line b{font-variant-numeric:tabular-nums}.calc-panel code{background:#ffffff12;color:#fff}
.peer-note{padding:10px 13px;background:#f5efe0;border-left:3px solid var(--gold);font-size:12px;color:#5b513f;margin:12px 0}.peer-bars{height:210px}.peer-bars canvas{width:100%;height:100%}.formula-help{display:grid;grid-template-columns:repeat(3,1fr);gap:10px;margin:16px 0}.formula-help article{padding:14px;border-top:3px solid var(--gold);background:#f7f3ea}.formula-help b{display:block}.formula-help p{font-size:12px;margin:5px 0;color:var(--muted)}
.side-panel{position:sticky;top:72px;align-self:start}.panel{background:var(--card);border:1px solid var(--line);border-radius:18px;padding:18px;margin-bottom:14px}.panel h3{font-family:var(--serif);margin:0 0 12px;font-size:20px}.scenario-tabs{display:grid;grid-template-columns:repeat(3,1fr);gap:5px}.scenario-btn{border:1px solid var(--line);background:#fff;padding:7px;border-radius:8px;cursor:pointer;font-size:12px}.scenario-btn.active{background:var(--green);color:white;border-color:var(--green)}
.scenario-metrics{display:grid;grid-template-columns:1fr 1fr;gap:8px;margin-top:12px}.scenario-metric{padding:9px;background:#f4f0e7;border-radius:9px}.scenario-metric small{display:block;color:var(--muted);font-size:9px}.scenario-metric b{font-size:14px}.chart{width:100%;height:150px;margin-top:12px}.chart canvas{width:100%;height:100%}.source-badge{font-size:11px;color:var(--muted);line-height:1.5}.warning{background:#f6e7e2;border-color:#e0b8ae}.warning h3{color:#8a3934}
.estimate-table td:first-child,.estimate-table th:first-child{text-align:left}.back{display:inline-flex;gap:7px;align-items:center;color:var(--muted);text-decoration:none;font-size:13px}.back:hover{color:var(--green)}
.print-only{display:none}
@media(max-width:1100px){.company-grid{grid-template-columns:repeat(2,1fr)}.company-layout{grid-template-columns:1fr}.toc{position:static;columns:2;max-height:none}.side-panel{position:static;display:grid;grid-template-columns:1fr 1fr;gap:14px}.panel{margin:0}.valuation-strip{grid-template-columns:repeat(3,1fr)}.formula-flow{grid-template-columns:1fr 1fr 1fr}.formula-step:after{display:none}}
@media(max-width:720px){.shell{padding:0 16px 50px}.topbar-inner{padding:10px 16px}.top-actions .chip{display:none}.hero{grid-template-columns:1fr;padding-top:44px}.hero-note{padding:22px}.company-grid{grid-template-columns:1fr}.method-band{grid-template-columns:1fr}.company-title{display:block}.valuation-strip{grid-template-columns:1fr 1fr}.company-layout{gap:18px}.toc{columns:1}.side-panel{grid-template-columns:1fr}.report{padding:22px;border-radius:16px}.report h2{font-size:24px}.footer{display:block}.learning-grid,.chart-grid,.formula-help{grid-template-columns:1fr}.formula-flow{grid-template-columns:1fr 1fr}.wide-chart{height:220px}}
@media print{.topbar,.toc,.side-panel,.filters{display:none!important}.shell{max-width:none;padding:0}.company-layout{display:block}.report{border:0;box-shadow:none;padding:0}.company-hero{padding-top:12px}.print-only{display:block}.report h2{break-after:avoid}.report table,.panel{break-inside:avoid}body{background:white;color:black}}

.range-primary{border-top:4px solid var(--green)}
.conflict-banner{padding:14px 16px;border-radius:12px;background:#f6e7e2;color:#763832;margin:16px 0;font-size:13px}
.value-tree{display:flex;gap:6px;align-items:stretch;overflow:auto;margin:18px 0}.tree-node{min-width:125px;background:#f4f0e7;border:1px solid var(--line);padding:12px;border-radius:10px}.tree-arrow{display:grid;place-items:center;color:var(--gold);font-weight:900}
.decision-line{display:grid;grid-template-columns:95px 1fr;gap:10px;padding:8px 0;border-bottom:1px solid #ebe5d8}.decision-line b{color:var(--green)}
.matrix-table td,.matrix-table th{text-align:center!important}.matrix-table td{font-variant-numeric:tabular-nums}.matrix-table .selected{background:#e5efe8;font-weight:800;color:#153f31}
.method-score{display:grid;grid-template-columns:110px 1fr 55px;gap:10px;align-items:center;margin:9px 0}.score-track{height:9px;background:#e3ded2;border-radius:999px;overflow:hidden}.score-fill{height:100%;background:var(--green2)}
.scenario-valuation{display:grid;grid-template-columns:repeat(3,1fr);gap:8px;margin-top:12px}.scenario-valuation article{padding:10px;background:#f4f0e7;border-radius:9px}.scenario-valuation small{display:block;color:var(--muted);font-size:9px}.scenario-valuation b{display:block;font-size:14px}.scenario-valuation em{font-size:10px;color:var(--muted);font-style:normal}
.method-conflict{display:grid;grid-template-columns:repeat(3,1fr);gap:10px;margin:14px 0}.method-conflict article{background:#f7f3ea;padding:14px;border-top:3px solid var(--gold)}.method-conflict strong{font-size:20px;display:block}
.summary-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:12px}.summary-card{background:var(--card);border:1px solid var(--line);border-radius:16px;padding:16px}.summary-card small{display:block;color:var(--muted)}.summary-card strong{font-size:21px}
@media(max-width:720px){.summary-grid,.scenario-valuation,.method-conflict{grid-template-columns:1fr}.value-tree{display:grid;grid-template-columns:1fr}.tree-arrow{transform:rotate(90deg)}}

.entry-overview{margin:16px 0;padding:16px;background:#f8f4ea;border:1px solid var(--line);border-radius:14px}
.entry-bars{display:grid;gap:10px;margin:14px 0}.entry-row{display:grid;grid-template-columns:120px 1fr 72px;gap:10px;align-items:center}.entry-track{height:14px;background:#e4ded1;border-radius:999px;overflow:hidden}.entry-fill{height:100%;background:#315e49;border-radius:999px}.entry-row.current .entry-fill{background:#bc6c45}.entry-row.base .entry-fill{background:#486d8c}
.gate-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:10px;margin:14px 0}.gate{padding:13px;border-radius:11px;border:1px solid var(--line);background:#fff}.gate b{display:block;margin-bottom:6px}.gate.green{border-top:4px solid #39755a}.gate.yellow{border-top:4px solid #c79236}.gate.red{border-top:4px solid #a64f45}
.calc-flow{display:grid;grid-template-columns:repeat(4,1fr);gap:8px;margin:14px 0}.calc-flow article{padding:12px;background:#f4f0e7;border-radius:10px}.calc-flow small{display:block;color:var(--muted)}.calc-flow strong{font-size:16px}.entry-status{padding:11px 14px;border-left:5px solid var(--gold);background:#fff8e8;margin:14px 0;font-weight:700}
.price-change.neg{color:#9b3e37}.price-change.pos{color:#287153}.gate-list{margin:8px 0 0 18px;padding:0}.gate-list li{margin:4px 0}
@media(max-width:720px){.gate-grid,.calc-flow{grid-template-columns:1fr}.entry-row{grid-template-columns:95px 1fr 60px}}