{
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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        "period": "2026-06-30",
        "source_period": "2026-06-30",
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            }
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          "operating_income": {
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          "net_income": {
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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    },
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          },
          "operating_income": {
            "local": 15610000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
            "status": "matched",
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              "concept": "us-gaap:OperatingIncomeLoss",
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            }
          },
          "net_income": {
            "local": 10391000.0,
            "alternatives": [
              {
                "concept": "us-gaap:ProfitLoss",
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              },
              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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              "concept": "us-gaap:ProfitLoss",
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": true
    },
    {
      "ticker": "ALNY",
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          "published_date": "2025-07-31"
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      "priority": 3,
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        "source_period": "2026-06-30",
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            "status": "matched",
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          "operating_income": {
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            ],
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          },
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                "concept": "us-gaap:NetIncomeLoss",
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            "status": "matched",
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        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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    },
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      "primary_financial_check": {
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        "period": "2026-07-26",
        "source_period": "2026-07-26",
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            ],
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            }
          },
          "operating_income": {
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            ],
            "status": "matched",
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          },
          "net_income": {
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            ],
            "status": "matched",
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      "business_reason": "A-List订阅扩张及票价策略改善获客，但经营表现仍高度依赖片单与观影周期。",
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        "ticker": "AMC",
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        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1411579/000141157926000059/amc-20260630x10q.htm",
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    {
      "ticker": "ANIP",
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      "financial_reason": "2025Q3 收入同比53.58%，毛利率缺失，营业利润率15.91%，净利率11.68%；2025Q4 收入同比29.64%，毛利率缺失，营业利润率14.07%，净利率11.13%；2026Q1 收入同比20.46%，毛利率缺失，营业利润率16.38%，净利率12.42%；2026Q2 收入同比25.87%，毛利率缺失，营业利润率15.21%，净利率9.29%；原文复核：2026Q2收入266.044m vs 211.371m，+25.9%；Cortrophin117.126m vs81.647m，+43.5%。Rare Disease产品收入135.844m vs103.963m，+30.7%；H1经营现金115.044m vs110.803m，仅+3.8%，显著慢于收入。",
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      "counterevidence": "ILUVIEN/YUTIQ Q2收入18.718m vs22.316m下降，不能称全业务共振；产品标签合并也影响描述。；Harmony Q1含15m upfront；Q2品牌royalty及其他17.731m无同比基数，收入与利润中含许可因素。；2026电话会对全年Cortrophin预测有小幅下修，不应只引用上行增长率。；H1投资收益、无形资产购置、或有对价与里程碑需在归一化现金流中处理；历史CFO不能直接等于可分配FCF。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务、跨期导航抽样及SEC原文定向深挖；已读范围与缺口见deep_2.json，非全文通读；promising仅代表研究价值，不表示估值通过",
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                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 2584600000.0
              }
            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": 2584600000.0,
              "prior": 1418800000.0,
              "prior_periods": [
                "2025-06-30"
              ]
            }
          },
          "net_income": {
            "local": 1769200000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 1769200000.0
              },
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 1784100000.0
              }
            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
              "current": 1769200000.0,
              "prior": 1091300000.0,
              "prior_periods": [
                "2025-06-30"
              ]
            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": true
    },
    {
      "ticker": "APP",
      "disposition": "unresolved",
      "financial_reason": "2025-09-30（本地期标2025Q3）收入1405.05百万美元、同比17.26%；毛利率87.56%、营业率76.80%、净利率59.47%；2025-12-31（本地期标2025Q4）收入1332.90百万美元、同比-2.91%；毛利率95.20%、营业率108.92%、净利率82.70%；2026-03-31（本地期标2026Q1）收入1842.45百万美元、同比24.15%；毛利率88.95%、营业率78.15%、净利率65.44%；2026-06-30（本地期标2026Q2）收入1923.69百万美元、同比52.82%；毛利率88.26%、营业率77.68%、净利率65.84%；最新净利率同比变化0.73个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "财务显示高增长与高利润，但本地电话会导航无来源，不能独立证实业务变化",
      "counterevidence": "2025Q4营业利润率108.9%明显异常，应修复持续经营及季度合成口径",
      "sources": [],
      "priority": 1,
      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
      "available_local_calls": 0,
      "financial_warnings": [
        "缺少可比指标：TTM自由现金流率同比改善"
      ],
      "reviewer": "Codex shard_0 native manual judgment",
      "financial_report_dates": [
        "2025-09-30",
        "2025-12-31",
        "2026-03-31",
        "2026-06-30"
      ],
      "primary_financial_check": {
        "ticker": "APP",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/app-20260630.htm",
        "sha256": "b0140a494f4caa12408128c571107d93b4b8d0c1aa5f8b235fcc0af27b9eb1b8",
        "checks": {
          "revenue": {
            "local": 1923686000.0,
            "alternatives": [
              {
                "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
                "value": 1923686000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
              "current": 1923686000.0,
              "prior": 1258754000.0,
              "prior_periods": [
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            }
          },
          "operating_income": {
            "local": 1494277000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 1494277000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": 1494277000.0,
              "prior": 957682000.0,
              "prior_periods": [
                "2025-06-30"
              ]
            }
          },
          "net_income": {
            "local": 1266538000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 1266538000.0
              },
              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
                "value": 1266538000.0
              }
            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
              "current": 1266538000.0,
              "prior": 819531000.0,
              "prior_periods": [
                "2025-06-30"
              ]
            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "APPN",
      "disposition": "unresolved",
      "financial_reason": "2025Q3收入187.00百万美元/同比21.39%，毛利率75.78%，营业率7.01%，净利率4.18%；2025Q4收入202.87百万美元/同比21.71%，毛利率64.77%，营业率-0.34%，净利率-2.52%；2026Q1收入202.18百万美元/同比21.48%，毛利率73.09%，营业率1.56%，净利率-0.75%；2026Q2收入203.26百万美元/同比19.11%，毛利率71.21%，营业率-2.68%，净利率-5.81%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "财务显示约20%收入增长但盈利反复，业务连续性尚不能确认。",
      "counterevidence": "标2026Q2电话会实际谈2025Q2且与旧期重复，材料时间错配必须修复。",
      "sources": [
        {
          "period": "2026Q2",
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          "published_date": "2026-08-06"
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        {
          "period": "2026Q2",
          "content_hash": "0e5743b3758e9d234e61987ac7bd1e50c2c3fc4ad3dbf1db30565454930aaa24",
          "offset": 11389,
          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2026-08-06"
        },
        {
          "period": "2025Q2",
          "content_hash": "7dea716fc580a82525bb0aa3d87ef207a550efa77990fb5a5031f96d3b1a321f",
          "offset": 1662,
          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2025-08-07"
        },
        {
          "period": "2025Q2",
          "content_hash": "7dea716fc580a82525bb0aa3d87ef207a550efa77990fb5a5031f96d3b1a321f",
          "offset": 11386,
          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2025-08-07"
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      ],
      "priority": 1,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
      "primary_financial_check": {
        "ticker": "APPN",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1441683/000144168326000053/appn-20260630.htm",
        "sha256": "17cf062f01d2454be25af6de2ba24a542f02494ca2bed5a1dc70d0926c6e1345",
        "checks": {
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            "alternatives": [
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            ],
            "status": "matched",
            "comparable": {
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            }
          },
          "operating_income": {
            "local": -5440000.0,
            "alternatives": [
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                "concept": "us-gaap:OperatingIncomeLoss",
                "value": -5440000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": -5440000.0,
              "prior": -10984000.0,
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            }
          },
          "net_income": {
            "local": -11817000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
              "current": -11817000.0,
              "prior": -312000.0,
              "prior_periods": [
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "APT",
      "disposition": "unresolved",
      "priority": 0,
      "financial_reason": "2025Q3 收入同比3.75%，毛利率39.69%，营业利润率7.42%，净利率6.60%；2025Q4 收入同比0.33%，毛利率37.12%，营业利润率6.87%，净利率5.03%；2026Q1 收入同比5.52%，毛利率37.82%，营业利润率3.98%，净利率4.81%；2026Q2 收入同比12.01%，毛利率37.37%，营业利润率10.77%，净利率9.78%",
      "business_reason": "本地两期业务导航缺失，无法将财务改善归因于具体产品或业务动作。",
      "counterevidence": "缺电话会证据，不等同无改善。",
      "sources": [],
      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
      "primary_financial_check": {
        "ticker": "APT",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/884269/000143774926026551/apt20260630_10q.htm",
        "sha256": "22a17feceac68464681e6af48641c2f5dcaac4cba3558042de6ae6305d549e4c",
        "checks": {
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            "alternatives": [
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            ],
            "status": "matched",
            "comparable": {
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              "current": 18674000.0,
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            }
          },
          "operating_income": {
            "local": 2012000.0,
            "alternatives": [
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                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 2012000.0
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            ],
            "status": "matched",
            "comparable": {
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              "current": 2012000.0,
              "prior": 1335000.0,
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            }
          },
          "net_income": {
            "local": 1826000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 1826000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
              "current": 1826000.0,
              "prior": 1244000.0,
              "prior_periods": [
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "APTV",
      "disposition": "watch",
      "financial_reason": "2025-09-30（本地期标2025Q3）收入5212.00百万美元、同比7.38%；毛利率19.53%、营业率-3.36%、净利率-6.81%；2025-12-31（本地期标2025Q4）收入5153.00百万美元、同比5.01%；毛利率18.69%、营业率8.25%、净利率2.68%；2026-03-31（本地期标2026Q1）收入5086.00百万美元、同比5.41%；毛利率18.09%、营业率7.43%、净利率3.72%；2026-06-30（本地期标2026Q2）收入3274.00百万美元、同比-37.14%；毛利率23.67%、营业率11.21%、净利率7.57%；最新净利率同比变化0.03个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "EDS分拆完成并转向ADAS与非汽车业务，存续业务组合可改善",
      "counterevidence": "收入同比下降37.1%不能直接比较旧合并口径；中国及欧洲车需求压力",
      "sources": [
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          "published_date": "2026-08-04",
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        },
        {
          "period": "2025Q2",
          "published_date": "2025-07-31",
          "content_hash": "c99fa5704ae490124809e8191f252ad270ffef906b91a42cd3a8ee387475373e",
          "offsets": [
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      ],
      "priority": 2,
      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
      "available_local_calls": 14,
      "financial_warnings": [],
      "reviewer": "Codex shard_0 native manual judgment",
      "financial_report_dates": [
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        "2025-12-31",
        "2026-03-31",
        "2026-06-30"
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      "primary_financial_check": {
        "ticker": "APTV",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1521332/000152133226000061/aptv-20260630.htm",
        "sha256": "2820f9322d6352b073cc8a8e163b65fb0cf63cee1366c56ac208103a6d844d59",
        "checks": {
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            "alternatives": [
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                "value": 3274000000.0
              },
              {
                "concept": "us-gaap:Revenues",
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            ],
            "status": "matched",
            "comparable": {
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              "current": 3274000000.0,
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            }
          },
          "operating_income": {
            "local": 367000000.0,
            "alternatives": [
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                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": 367000000.0,
              "prior": 325000000.0,
              "prior_periods": [
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            }
          },
          "net_income": {
            "local": 248000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 248000000.0
              },
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 247000000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
              "current": 248000000.0,
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              "prior_periods": [
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "APYX",
      "disposition": "watch",
      "financial_reason": "2025Q3收入12.88百万美元/同比12.10%，毛利率64.43%，营业率-6.46%，净利率-15.41%；2025Q4收入19.16百万美元/同比34.75%，毛利率62.61%，营业率0.06%，净利率-6.78%；2026Q1收入12.49百万美元/同比32.45%，毛利率63.45%，营业率-7.29%，净利率-16.88%；2026Q2收入13.88百万美元/同比22.08%，毛利率63.89%，营业率-13.01%，净利率-23.36%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "AYON从2025预售转入四季商业销售，聚焦外科美容并收缩OEM，收入增长真实。",
      "counterevidence": "2026Q2营业及净亏损扩大，尚未证明新平台形成盈利杠杆。",
      "sources": [
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          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2026-08-06"
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        {
          "period": "2026Q2",
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          "offset": 10057,
          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2026-08-06"
        },
        {
          "period": "2025Q2",
          "content_hash": "9c5f504e22ec92e38234abba9b90101b96e7a84a3043a0ceae8ced8f7ee94558",
          "offset": 3307,
          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2025-08-08"
        },
        {
          "period": "2025Q2",
          "content_hash": "9c5f504e22ec92e38234abba9b90101b96e7a84a3043a0ceae8ced8f7ee94558",
          "offset": 12169,
          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2025-08-08"
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      ],
      "priority": 2,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
      "primary_financial_check": {
        "ticker": "APYX",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/719135/000143774926026346/apyx20260630_10q.htm",
        "sha256": "8abed9b370219a2fe52e63c3b1a84d0d9307d5af0e3ade1c74efcaae2376b872",
        "checks": {
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            "alternatives": [
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                "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
                "value": 13884000.0
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              {
                "concept": "us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax",
                "value": 13884000.0
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            ],
            "status": "matched",
            "comparable": {
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                "2025-06-30"
              ]
            }
          },
          "operating_income": {
            "local": -12425000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": -12425000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": -12425000.0,
              "prior": -14395000.0,
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              ]
            }
          },
          "net_income": {
            "local": -16721000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": -16721000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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                "2025-06-30"
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
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      "disposition": "no_material_change",
      "financial_reason": "2025Q3收入344.57百万美元/同比7.97%，毛利率38.72%，营业率4.77%，净利率3.55%；2025Q4收入364.84百万美元/同比5.14%，毛利率38.15%，营业率5.55%，净利率4.14%；2026Q1收入314.28百万美元/同比0.93%，毛利率36.41%，营业率0.68%，净利率0.71%；2026Q2收入384.90百万美元/同比7.38%，毛利率44.71%，营业率14.10%，净利率10.30%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "浴室新品和门店营销确有动作，但最新利润率跳升主要有明确关税回收贡献。",
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          "characters_read": 470,
          "source": "defeatbeta-api",
          "published_date": "2026-08-06"
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        {
          "period": "2025Q2",
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          "offset": 7054,
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          "source": "defeatbeta-api",
          "published_date": "2025-08-08"
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        {
          "period": "2025Q2",
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          "source": "defeatbeta-api",
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      ],
      "priority": 0,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
      "primary_financial_check": {
        "ticker": "ARHS",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1875444/000187544426000030/arhs-20260630.htm",
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        "checks": {
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            "local": 384897000.0,
            "alternatives": [
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                "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
                "value": 384897000.0
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            ],
            "status": "matched",
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              "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
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          },
          "operating_income": {
            "local": 54265999.99999999,
            "alternatives": [
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                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
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            }
          },
          "net_income": {
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            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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    },
    {
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      "financial_reason": "2025Q3 收入同比30.90%，毛利率48.50%，营业利润率缺失，净利率18.63%；2025Q4 收入同比15.52%，毛利率52.96%，营业利润率缺失，净利率30.97%；2026Q1 收入同比7.66%，毛利率47.54%，营业利润率缺失，净利率19.74%；2026Q2 收入同比-3.11%，毛利率46.61%，营业利润率缺失，净利率17.97%",
      "business_reason": "高利用率、长期压缩机合同及NGCS并购扩大规模。",
      "counterevidence": "最新收入下降，前期增长有并购贡献，天然气景气与持续资本需求显著。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
        },
        {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      ],
      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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        "ticker": "AROC",
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          "operating_income": {
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          "net_income": {
            "local": 66720000.0,
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                "concept": "us-gaap:NetIncomeLoss",
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              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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            ],
            "status": "matched",
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          }
        },
        "status": "partial",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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    },
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        "变动幅度异常：须核对单季/累计口径、低基数及一次性项目"
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      "reviewer": "Codex shard_0 native manual judgment",
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          },
          "operating_income": {
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            "alternatives": [
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                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
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          },
          "net_income": {
            "local": -733000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
    {
      "ticker": "ARQT",
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          "source": "defeatbeta-api",
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        {
          "period": "2025Q2",
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        "ticker": "ARQT",
        "period": "2026-06-30",
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        "url": "https://www.sec.gov/Archives/edgar/data/1787306/000178730626000051/arqt-20260630.htm",
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        "checks": {
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              {
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            "status": "matched",
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          },
          "operating_income": {
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            ],
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          },
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        },
        "status": "matched_latest_quarter",
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    },
    {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
        },
        {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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          "operating_income": {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
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      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
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      "primary_financial_check": {
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        "status": "matched_latest_quarter",
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    {
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      "financial_warnings": [
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      "reviewer": "Codex shard_0 native manual judgment",
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      "final_eligible": false
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    {
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              {
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        },
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      "final_eligible": false
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          "operating_income": {
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      "business_reason": "结构化记录与CODI重复线索，尚无独立实体业务材料。",
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      "sources": [],
      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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        "status": "matched_latest_quarter",
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    {
      "ticker": "CIK1371451",
      "disposition": "unresolved",
      "financial_reason": "2025-10-31（本地期标2025Q4）收入38.00百万美元、同比9.85%；毛利率14.84%、营业率11.85%、净利率39.79%；2026-01-31（本地期标2026Q1）收入34.40百万美元、同比3.56%；毛利率10.24%、营业率6.06%、净利率16.31%；2026-04-30（本地期标2026Q2）收入38.38百万美元、同比9.36%；毛利率16.87%、营业率12.50%、净利率21.67%；2026-07-31（本地期标2026Q3）收入39.09百万美元、同比12.15%；毛利率19.11%、营业率14.48%、净利率27.72%；最新净利率同比变化22.91个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "Highwater乙醇收入利润上升但缺业务原文",
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        "status": "unresolved",
        "reason": "最新结构化财务期末与完整原文不一致"
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      "final_eligible": false
    },
    {
      "ticker": "CIK1566011",
      "disposition": "unresolved",
      "financial_reason": "2025Q2收入7465.60百万美元/同比-14.45%，毛利率-1.56%，营业率-0.09%，净利率-0.81%；2025Q3收入7641.60百万美元/同比-8.73%，毛利率-0.23%，营业率2.08%，净利率1.34%；2025Q4收入7133.40百万美元/同比-2.84%，毛利率-2.62%，营业率1.38%，净利率0.77%；2026Q2收入11676.30百万美元/同比56.40%，毛利率9.35%，营业率10.22%，净利率9.87%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "最新炼油收入利润大幅回升，但季度序列缺口。",
      "counterevidence": "PBF子公司非独立普通股，炼油价差及库存效应未拆分。",
      "sources": [],
      "priority": 0,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
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        "ticker": "CIK1566011",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
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        "checks": {
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            "alternatives": [
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                "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
                "value": 11676300000.0
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            ],
            "status": "matched",
            "comparable": {
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              "current": 11676300000.0,
              "prior": 7465600000.0,
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                "2025-06-30"
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            }
          },
          "operating_income": {
            "local": 1193800000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 1193800000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": 1193800000.0,
              "prior": -6400000.0,
              "prior_periods": [
                "2025-06-30"
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            }
          },
          "net_income": {
            "local": 1152100000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 1152100000.0
              },
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 1151900000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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              "prior": -60200000.0,
              "prior_periods": [
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
    {
      "ticker": "CIK1581552",
      "disposition": "unresolved",
      "priority": 0,
      "financial_reason": "2025Q3 收入同比-37.64%，毛利率60.78%，营业利润率6.80%，净利率6.62%；2025Q4 收入同比-47.85%，毛利率60.95%，营业利润率3.04%，净利率2.82%；2026Q1 收入同比-29.27%，毛利率68.90%，营业利润率21.19%，净利率20.86%；2026Q2 收入同比-0.70%，毛利率70.97%，营业利润率30.44%，净利率36.90%",
      "business_reason": "收入大幅下降后利润率回升，原文归因缺失。",
      "counterevidence": "实体身份、资产出售与一次性收益需核验。",
      "sources": [],
      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
      "primary_financial_check": {
        "ticker": "CIK1581552",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1581552/000143774926027181/eele20260630_10q.htm",
        "sha256": "ecca31eb2d0f1afa5b5ec5540250b2b39b47fbcbf121d51d2e18f89c7114bf2c",
        "checks": {
          "revenue": {
            "local": 16428329.0,
            "alternatives": [
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                "concept": "us-gaap:Revenues",
                "value": 16428329.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:Revenues",
              "current": 16428329.0,
              "prior": 16543412.0,
              "prior_periods": [
                "2025-06-30"
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            }
          },
          "operating_income": {
            "local": 5000034.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 5000034.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": 5000034.0,
              "prior": 1886564.0,
              "prior_periods": [
                "2025-06-30"
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            }
          },
          "net_income": {
            "local": 6062148.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 6062148.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
              "current": 6062148.0,
              "prior": 1858829.0,
              "prior_periods": [
                "2025-06-30"
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
    {
      "ticker": "CIK1637757",
      "disposition": "unresolved",
      "financial_reason": "2025-09-30（本地期标2025Q3）收入429.00百万美元、同比-11.73%；毛利率70.16%、营业率26.11%、净利率81.82%；2025-12-31（本地期标2025Q4）收入310.00百万美元、同比21.09%；毛利率52.26%、营业率-11.61%、净利率-13.87%；2026-03-31（本地期标2026Q1）收入354.00百万美元、同比18.79%；毛利率62.15%、营业率5.93%、净利率32.49%；2026-06-30（本地期标2026Q2）收入481.00百万美元、同比22.70%；毛利率69.02%、营业率24.32%、净利率53.43%；最新净利率同比变化35.83个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "Clearway LLC结构数据有改善信号但不是已核验的普通股主体",
      "counterevidence": "净利润显著高于营业利润，分配及母子公司映射、非经营项目待核验",
      "sources": [],
      "priority": 0,
      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
      "available_local_calls": 0,
      "financial_warnings": [],
      "reviewer": "Codex shard_0 native manual judgment",
      "financial_report_dates": [
        "2025-09-30",
        "2025-12-31",
        "2026-03-31",
        "2026-06-30"
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      "primary_financial_check": {
        "ticker": "CIK1637757",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1637757/000162828026053430/cwen-20260630.htm",
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        "checks": {
          "revenue": {
            "local": 481000000.0,
            "alternatives": [
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                "concept": "us-gaap:Revenues",
                "value": 481000000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:Revenues",
              "current": 481000000.0,
              "prior": 392000000.0,
              "prior_periods": [
                "2025-06-30"
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            }
          },
          "operating_income": {
            "local": 117000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 117000000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
              "current": 117000000.0,
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                "2025-06-30"
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            }
          },
          "net_income": {
            "local": 257000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 257000000.0
              },
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 28000000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "CIK17797",
      "disposition": "unresolved",
      "financial_reason": "2025Q3收入1893.00百万美元/同比-1.92%，毛利率66.77%，营业率26.31%，净利率19.65%；2025Q4收入1751.00百万美元/同比6.51%，毛利率66.30%，营业率26.04%，净利率17.36%；2026Q1收入2231.00百万美元/同比11.83%，毛利率61.32%，营业率21.78%，净利率15.87%；2026Q2收入1771.00百万美元/同比5.86%，毛利率69.11%，营业率25.35%，净利率17.33%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "公用事业增长但季节性利润变化未有业务说明。",
      "counterevidence": "Duke子公司需映射母公司，无独立可投资性核验。",
      "sources": [],
      "priority": 0,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
      "primary_financial_check": {
        "ticker": "CIK17797",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/78460/000132616026000040/duk-20260630.htm",
        "sha256": "41bc789b3758ad84fc6cced47111debfd826678e8d852b8adfe00e50209cf4f1",
        "checks": {
          "revenue": {
            "local": 1771000000.0,
            "alternatives": [
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                "concept": "us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax",
                "value": 7428000000.0
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            ],
            "status": "mismatch"
          },
          "operating_income": {
            "local": 449000000.00000006,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
            "status": "mismatch"
          },
          "net_income": {
            "local": 307000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
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              {
                "concept": "us-gaap:ProfitLoss",
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              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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            ],
            "status": "mismatch"
          }
        },
        "status": "source_conflict",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "CIK22606",
      "disposition": "unresolved",
      "priority": 0,
      "financial_reason": "2025Q3 收入同比2.06%，毛利率缺失，营业利润率24.53%，净利率16.40%；2025Q4 收入同比-39.92%，毛利率缺失，营业利润率36.11%，净利率22.36%；2026Q1 收入同比-7.36%，毛利率缺失，营业利润率26.92%，净利率16.20%；2026Q2 收入同比8.12%，毛利率缺失，营业利润率21.86%，净利率12.54%",
      "business_reason": "财务收入波动但无业务说明，无法判断改善。",
      "counterevidence": "公用事业母子实体可能混用，需正确主体。",
      "sources": [],
      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
      "primary_financial_check": {
        "ticker": "CIK22606",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/22606/000110935726000080/exc-20260630.htm",
        "sha256": "68779286b33c90ef0f944a5dc67d424c785b37f053dd785778bf96732334c530",
        "checks": {
          "revenue": {
            "local": 1985000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:Revenues",
                "value": 5967000000.0
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            ],
            "status": "mismatch"
          },
          "operating_income": {
            "local": 434000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 979000000.0
              }
            ],
            "status": "mismatch"
          },
          "net_income": {
            "local": 249000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 396000000.0
              },
              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
                "value": 396000000.0
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            ],
            "status": "mismatch"
          }
        },
        "status": "source_conflict",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "CIK22767",
      "disposition": "unresolved",
      "financial_reason": "2025-06-30（本地期标2025Q2）收入164.05百万美元、同比6.23%；毛利率73.61%、营业率29.68%、净利率12.78%；2025-09-30（本地期标2025Q3）收入183.44百万美元、同比12.72%；毛利率77.00%、营业率38.56%、净利率22.42%；2025-12-31（本地期标2025Q4）收入184.41百万美元、同比26.15%；毛利率76.60%、营业率36.08%、净利率21.64%；2026-06-30（本地期标2026Q2）收入187.44百万美元、同比14.26%；毛利率76.55%、营业率36.06%、净利率21.31%；最新净利率同比变化8.52个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "Texas New Mexico Power数据有费率型增长可能，但无当期业务证据",
      "counterevidence": "身份映射与行业适用性未完成，不能当独立股票交付",
      "sources": [],
      "priority": 0,
      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
      "available_local_calls": 0,
      "financial_warnings": [
        "缺少可比指标：收入增速加速、TTM自由现金流率同比改善"
      ],
      "reviewer": "Codex shard_0 native manual judgment",
      "financial_report_dates": [
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        "2025-09-30",
        "2025-12-31",
        "2026-06-30"
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      "primary_financial_check": {
        "ticker": "CIK22767",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
        "url": "https://www.sec.gov/Archives/edgar/data/1108426/000110842626000048/pnm-20260630.htm",
        "sha256": "f870165a23f14d32d142f9a3fa5f2d7dfa749b2f979e4c00c1e36ddd4ca56523",
        "checks": {
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            "local": 187438000.0,
            "alternatives": [
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                "concept": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
                "value": 518511000.0
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              {
                "concept": "us-gaap:Revenues",
                "value": 548554000.0
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            ],
            "status": "mismatch"
          },
          "operating_income": {
            "local": 67584000.0,
            "alternatives": [
              {
                "concept": "us-gaap:OperatingIncomeLoss",
                "value": 123302000.0
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            ],
            "status": "mismatch"
          },
          "net_income": {
            "local": 39934000.0,
            "alternatives": [
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 75390000.0
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              {
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            ],
            "status": "mismatch"
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        },
        "status": "source_conflict",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "CIK23632",
      "disposition": "unresolved",
      "financial_reason": "2025Q3收入4181.00百万美元/同比11.14%，毛利率缺失%，营业率21.86%，净利率15.28%；2025Q4收入3689.00百万美元/同比8.50%，毛利率缺失%，营业率13.12%，净利率8.13%；2026Q1收入4654.00百万美元/同比4.80%，毛利率缺失%，营业率23.76%，净利率15.75%；2026Q2收入3805.00百万美元/同比13.92%，毛利率缺失%，营业率14.17%，净利率7.78%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "收入增长与净利率季节性变化并存。",
      "counterevidence": "ConEd子公司，缺业务及监管费率归因，不重复计为独立股票。",
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      "counterevidence": "身份及费率/投资归因未完成，不能直接列研究公司。",
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          "operating_income": {
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      "financial_reason": "2025-09-30（本地期标2025Q3）收入787.43百万美元、同比-5.09%；毛利率缺失、营业率7.97%、净利率4.73%；2025-12-31（本地期标2025Q4）收入802.91百万美元、同比0.85%；毛利率缺失、营业率9.53%、净利率5.71%；2026-03-31（本地期标2026Q1）收入744.04百万美元、同比0.77%；毛利率缺失、营业率8.40%、净利率4.75%；2026-06-30（本地期标2026Q2）收入936.86百万美元、同比26.18%；毛利率缺失、营业率23.33%、净利率14.71%；最新净利率同比变化9.41个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "Hawaiian Electric季度利润突升尚无配套原因材料",
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      "primary_financial_check": {
        "ticker": "CIK46207",
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          "net_income": {
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        },
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          "operating_income": {
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      "financial_reason": "2025-09-30（本地期标2025Q3）收入231.00百万美元、同比10.53%；毛利率57.58%、营业率-7.36%、净利率-16.45%；2025-12-31（本地期标2025Q4）收入753.00百万美元、同比32.57%；毛利率61.49%、营业率39.04%、净利率26.16%；2026-03-31（本地期标2026Q1）收入1011.00百万美元、同比13.85%；毛利率60.04%、营业率105.24%、净利率76.16%；2026-06-30（本地期标2026Q2）收入256.00百万美元、同比-11.72%；毛利率62.11%、营业率11.72%、净利率1.17%；最新净利率同比变化4.62个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
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      "counterevidence": "Southwest Gas子公司身份及披露口径未统一，无电话会。",
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                "concept": "us-gaap:NetIncomeLoss",
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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    },
    {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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        "ticker": "EOLS",
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    },
    {
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                "2025-06-30"
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            }
          },
          "operating_income": {
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                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
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            "comparable": {
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              "prior": -2323247.0,
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                "2025-06-30"
              ]
            }
          },
          "net_income": {
            "local": 3503455.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
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              },
              {
                "concept": "us-gaap:ProfitLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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                "2025-06-30"
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        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
    {
      "ticker": "GTN",
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      "business_reason": "收购/换站与政治广告支持现金和利润回升。",
      "counterevidence": "选举周期及杠杆而非可持续业务改善主导。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
        },
        {
          "period": "2025Q2",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
        }
      ],
      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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        "ticker": "GTN",
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        "source_period": "2026-06-30",
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        "checks": {
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              "current": 839000000.0,
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          },
          "operating_income": {
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            "alternatives": [
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                "concept": "us-gaap:OperatingIncomeLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:OperatingIncomeLoss",
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          },
          "net_income": {
            "local": 14000000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
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              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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                "2025-06-30"
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
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      "ticker": "GWAV",
      "disposition": "unresolved",
      "financial_reason": "2025-06-30（本地期标2025Q2）收入11.00百万美元、同比39.51%；毛利率19.22%、营业率-42.30%、净利率-44.72%；2025-09-30（本地期标2025Q3）收入12.68百万美元、同比49.04%；毛利率27.59%、营业率-38.80%、净利率-41.64%；2026-03-31（本地期标2026Q1）收入16.28百万美元、同比121.93%；毛利率41.87%、营业率-6.59%、净利率-9.24%；2026-06-30（本地期标2026Q2）收入16.00百万美元、同比45.47%；毛利率37.88%、营业率-17.80%、净利率-20.26%；最新净利率同比变化24.46个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "收入和毛利有恢复，但无业务原文能解释来源",
      "counterevidence": "营业仍亏、历史小基数，需核验金属价格/产量及融资风险",
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      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
      "available_local_calls": 0,
      "financial_warnings": [
        "缺少可比指标：TTM自由现金流率同比改善"
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      "reviewer": "Codex shard_0 native manual judgment",
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        "2026-03-31",
        "2026-06-30"
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          },
          "operating_income": {
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            "status": "matched",
            "comparable": {
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          },
          "net_income": {
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              {
                "concept": "us-gaap:NetIncomeLoss",
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              {
                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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            ],
            "status": "matched",
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        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
    {
      "ticker": "GWRS",
      "disposition": "watch",
      "financial_reason": "2025Q3收入15.52百万美元/同比8.37%，毛利率缺失%，营业率18.83%，净利率11.06%；2025Q4收入13.54百万美元/同比2.19%，毛利率缺失%，营业率2.65%，净利率-7.11%；2026Q1收入13.29百万美元/同比6.65%，毛利率缺失%，营业率2.93%，净利率-2.75%；2026Q2收入17.77百万美元/同比24.76%，毛利率缺失%，营业率25.36%，净利率15.46%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "收购Tucson七个水务系统扩大连接数和费率基数。",
      "counterevidence": "有机连接只增约2.6%，住宅许可放缓；总体增长需拆并购和费率季节性。",
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      "priority": 1,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
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        "ticker": "GWRS",
        "period": "2026-06-30",
        "source_period": "2026-06-30",
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            "status": "matched",
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          },
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            "status": "matched",
            "comparable": {
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        },
        "status": "matched_latest_quarter",
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    },
    {
      "ticker": "HALO",
      "disposition": "promising",
      "priority": 3,
      "financial_reason": "2025Q3 收入同比22.12%，毛利率84.41%，营业利润率61.51%，净利率49.46%；2025Q4 收入同比51.60%，毛利率82.56%，营业利润率-20.56%，净利率-31.34%；2026Q1 收入同比42.23%，毛利率78.97%，营业利润率48.98%，净利率39.83%；2026Q2 收入同比47.67%，毛利率83.54%，营业利润率59.80%，净利率47.80%；原文复核：2026Q2收入480.999m vs325.719m，+47.7%；royalty307.699m vs205.639m，+49.6%；净利229.913m vs165.160m，+39.2%，因此净利率47.8% vs50.7%反而下降。H1 CFO420.969m vs253.932m，+65.8%，含库存释放45.711m与更高SBC/摊销等影响。",
      "business_reason": "ENHANZE授权从Darzalex及Phesgo/Vyvgart扩展到Opdivo SC、Ocrevus SC、RYBREVANT SC等更多商业化产品；电话会称后三者合计royalty环比+80%，且新增GSK/Incyte合作。真实授权收入增长成立，但新协议首付款和里程碑应与经常性royalty分开。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
        },
        {
          "period": "2025Q2",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
        },
        {
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          "url": "https://www.sec.gov/Archives/edgar/data/1159036/000115903626000104/halo-20260630.htm"
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          "url": "https://www.sec.gov/Archives/edgar/data/1159036/000115903626000024/halo-20251231.htm"
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          "source": "defeatbeta-api",
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      ],
      "review_depth": "最新四季结构化财务、跨期导航抽样及SEC原文定向深挖；已读范围与缺口见deep_2.json，非全文通读；promising仅代表研究价值，不表示估值通过",
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        "status": "matched_latest_quarter",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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    },
    {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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          },
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                "concept": "us-gaap:NetIncomeLoss",
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "counterevidence": "住房需求仍弱、汇率和一次性项目；报表与正文增速有口径差。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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      "final_eligible": false
    },
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      "business_reason": "新CEO开始诊断和资本配置改革，毛利有改善。",
      "counterevidence": "仅一期有效导航且内容不具体，收入增1%与利润反复，尚缺已兑现动作。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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        "status": "matched_latest_quarter",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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    },
    {
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    },
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            "local": 16922000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 16922000.0
              },
              {
                "concept": "us-gaap:ProfitLoss",
                "value": 16922000.0
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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              "prior": -21089000.0,
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                "2025-06-30"
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
      "ticker": "PCTY",
      "disposition": "unresolved",
      "financial_reason": "2025-09-30（本地期标2025Q3）收入408.17百万美元、同比12.46%；毛利率68.55%、营业率18.18%、净利率11.76%；2025-12-31（本地期标2025Q4）收入416.13百万美元、同比10.39%；毛利率67.80%、营业率16.91%、净利率12.06%；2026-03-31（本地期标2026Q1）收入469.93百万美元、同比3.38%；毛利率77.29%、营业率33.40%、净利率23.67%；2026-06-30（本地期标2026Q2）收入357.13百万美元、同比-10.88%；毛利率84.11%、营业率23.64%、净利率16.89%；最新净利率同比变化4.76个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "订阅经常收入12.4%增长与平台效率有证据",
      "counterevidence": "电话会Q4总收入增长11%而本地最近记录下降10.9%，数据口径冲突未解决不能打高分",
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      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
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        "source_period": "2026-06-30",
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          "net_income": {
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        },
        "status": "partial",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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    },
    {
      "ticker": "PD",
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      "financial_reason": "2025Q4收入124.54百万美元/同比4.71%，毛利率85.26%，营业率6.49%，净利率129.74%；2026Q1收入124.78百万美元/同比2.75%，毛利率85.90%，营业率3.62%，净利率7.51%；2026Q2收入120.97百万美元/同比0.97%，毛利率84.28%，营业率7.59%，净利率4.37%；2026Q3收入124.44百万美元/同比0.83%，毛利率83.90%，营业率8.23%，净利率6.26%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "大企业客户扩展、使用量和人员优化提升营业率，新CEO重组明确。",
      "counterevidence": "收入仅增1%、席位优化压变现，历史净利润率130%显然一次性税项不可采。",
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          "source": "defeatbeta-api",
          "published_date": "2026-08-27"
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          "source": "defeatbeta-api",
          "published_date": "2025-09-03"
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          "characters_read": 470,
          "source": "defeatbeta-api",
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      ],
      "priority": 2,
      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
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        "ticker": "PD",
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          "operating_income": {
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            "status": "matched",
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          "net_income": {
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              {
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            "status": "matched",
            "comparable": {
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          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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    },
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      "priority": 1,
      "financial_reason": "2025Q3 收入同比24.43%，毛利率28.96%，营业利润率16.78%，净利率25.26%；2025Q4 收入同比11.14%，毛利率30.77%，营业利润率17.46%，净利率11.72%；2026Q1 收入同比14.56%，毛利率30.74%，营业利润率15.51%，净利率19.74%；2026Q2 收入同比16.65%，毛利率34.75%，营业利润率17.29%，净利率14.00%",
      "business_reason": "收入、毛利改善但缺公司业务材料。",
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      "review_depth": "最新四季结构化财务＋两期业务导航片段抽样人工判断；非逐字全文阅读、非事实最终批准，未继承旧模型批准；四家原文深挖另见deep_2.json",
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        "source_period": "2026-06-30",
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          "net_income": {
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        },
        "status": "partial",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "final_eligible": false
    },
    {
      "ticker": "PDFS",
      "disposition": "promising",
      "financial_reason": "2025-09-30（本地期标2025Q3）收入57.12百万美元、同比23.07%；毛利率72.27%、营业率8.45%、净利率2.27%；2025-12-31（本地期标2025Q4）收入62.40百万美元、同比24.59%；毛利率72.85%、营业率5.54%、净利率-0.08%；2026-03-31（本地期标2026Q1）收入60.13百万美元、同比25.85%；毛利率71.83%、营业率10.50%、净利率7.97%；2026-06-30（本地期标2026Q2）收入61.53百万美元、同比18.95%；毛利率68.95%、营业率8.23%、净利率6.94%；最新净利率同比变化4.73个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
      "business_reason": "半导体数据平台及secureWISE/DirectScan获单，Gainshare和运行许可增长45%",
      "counterevidence": "大合同分期确认和量挂钩收入周期性，毛利近期下降需核验组合",
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      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
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      "reviewer": "Codex shard_0 native manual judgment",
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        "2026-03-31",
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        "period": "2026-06-30",
        "source_period": "2026-06-30",
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            ],
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            }
          },
          "operating_income": {
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            "alternatives": [
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            ],
            "status": "matched",
            "comparable": {
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            }
          },
          "net_income": {
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            ],
            "status": "matched",
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
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    },
    {
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      "disposition": "watch",
      "financial_reason": "2025Q3收入6.96百万美元/同比-23.08%，毛利率缺失%，营业率-11.98%，净利率-4.67%；2025Q4收入23.08百万美元/同比118.25%，毛利率缺失%，营业率-21.35%，净利率-36.83%；2026Q1收入40.22百万美元/同比360.42%，毛利率缺失%，营业率16.67%，净利率-63.71%；2026Q2收入46.11百万美元/同比561.40%，毛利率缺失%，营业率33.31%，净利率37.85%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
      "business_reason": "Juniper合并带来规模及运营平台改善，新增基础设施降低成本。",
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          "source": "defeatbeta-api",
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      "review_depth": "Codex逐家四期财务与最多两期导航片段人工判断；每片最多470字符；未声称全文阅读；无片段者明确未能业务核验。",
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          "operating_income": {
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            ],
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        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
    {
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              ]
            }
          },
          "net_income": {
            "local": 12100000.0,
            "alternatives": [
              {
                "concept": "us-gaap:NetIncomeLoss",
                "value": 12100000.0
              },
              {
                "concept": "us-gaap:ProfitLoss",
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            ],
            "status": "matched",
            "comparable": {
              "concept": "us-gaap:NetIncomeLoss",
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            }
          }
        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": true
    },
    {
      "ticker": "PLAB",
      "disposition": "watch",
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      "counterevidence": "收入仅2.7%增长、利润率未持续提高，半导体终端与客户发布节奏波动",
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        "status": "unresolved",
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      "final_eligible": false
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    {
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      "business_reason": "品牌授权和杂志重启推动曝光与调整盈利连续改善。",
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        "ticker": "PLBY",
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          "net_income": {
            "local": 67082000.0,
            "alternatives": [
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              {
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            ],
            "status": "matched",
            "comparable": {
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        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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      "ticker": "PLPC",
      "disposition": "unresolved",
      "financial_reason": "2025-09-30（本地期标2025Q3）收入178.09百万美元、同比21.17%；毛利率29.68%、营业率7.37%、净利率1.47%；2025-12-31（本地期标2025Q4）收入173.11百万美元、同比3.59%；毛利率29.82%、营业率6.79%、净利率4.87%；2026-03-31（本地期标2026Q1）收入176.28百万美元、同比18.67%；毛利率31.33%、营业率7.78%、净利率5.97%；2026-06-30（本地期标2026Q2）收入212.68百万美元、同比25.40%；毛利率34.33%、营业率13.12%、净利率10.11%；最新净利率同比变化2.62个百分点；以上为本地初筛数据，不代替原始报表复核，财季必须按report_date对齐",
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      "review_depth": "latest_four_available_quarters+available_navigation_excerpts; 非全文阅读；非六维最终评分；管理层说法未经独立事实审计",
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          "net_income": {
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            "status": "matched",
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        },
        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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    },
    {
      "ticker": "PLTK",
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      "financial_reason": "2025Q3收入674.60百万美元/同比8.67%，毛利率73.55%，营业率14.59%，净利率5.80%；2025Q4收入678.80百万美元/同比4.38%，毛利率72.47%，营业率-41.40%，净利率-45.57%；2026Q1收入744.70百万美元/同比5.48%，毛利率74.19%，营业率-6.66%，净利率-7.72%；2026Q2收入731.10百万美元/同比5.04%，毛利率73.62%，营业率18.41%，净利率6.57%。以上为本地初筛口径，异常和一次性项见反证，未经原始财报复核不得视为最终财务分。",
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    {
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              {
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    {
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      "final_eligible": true
    },
    {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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          },
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          },
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          }
        },
        "status": "matched_latest_quarter",
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    },
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          },
          "net_income": {
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              {
                "concept": "us-gaap:NetIncomeLoss",
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                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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    {
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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        "status": "matched_latest_quarter",
        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
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        "status": "matched_latest_quarter",
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      "business_reason": "订阅留存与高端服务方向有线索，但财务总收入口径明显可疑。",
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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                "concept": "us-gaap:NetIncomeLoss",
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                "concept": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
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    },
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          "scope": "导航位置；大部分仅阅读各片段前340–500字符，不代表该来源全文或全部片段已读"
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    },
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          "net_income": {
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            "alternatives": [
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              {
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        "reason": "只对照最新单季收入／营业利润／净利润；不等于完成分部、同比重述与现金质量审计。净利润保留候选标签，匹配值不自动解决少数股东口径。"
      },
      "final_eligible": false
    },
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}
