diff --git a/internal/api/activity/matching_game_app.go b/internal/api/activity/matching_game_app.go
index 900d055..dfda6a5 100755
--- a/internal/api/activity/matching_game_app.go
+++ b/internal/api/activity/matching_game_app.go
@@ -172,7 +172,7 @@ func (h *handler) PreOrderMatchingGame() core.HandlerFunc {
 				SourceType:     3, // 对对碰
 				TotalAmount:    activity.PriceDraw,
 				ActualAmount:   0, // 次数卡抵扣，实付0元
-				DiscountAmount: activity.PriceDraw,
+				DiscountAmount: 0, // 次数卡支付，无优惠券抵扣
 				Status:         2, // 已支付
 				Remark: func() string {
 					r := fmt.Sprintf("activity:%d|game_pass:%d|matching_game:issue:%d", activity.ID, validPass.ID, req.IssueID)
diff --git a/internal/api/admin/activity_rankings_admin.go b/internal/api/admin/activity_rankings_admin.go
index d94686a..4c2c943 100644
--- a/internal/api/admin/activity_rankings_admin.go
+++ b/internal/api/admin/activity_rankings_admin.go
@@ -121,7 +121,7 @@ func (h *handler) GetActivityRankings() core.HandlerFunc {
 				orders.user_id,
 				COALESCE(users.nickname, '') AS nickname,
 				COALESCE(users.avatar, '') AS avatar,
-				CAST(SUM(orders.actual_amount + orders.discount_amount) AS SIGNED) AS total_amount,
+				CAST(SUM(orders.actual_amount) AS SIGNED) AS total_amount,
 				COUNT(DISTINCT orders.id) AS order_count
 			`).
 			Group("orders.user_id, users.nickname, users.avatar")
diff --git a/internal/api/admin/dashboard_activity.go b/internal/api/admin/dashboard_activity.go
index 8fbd6ae..a7fdea9 100755
--- a/internal/api/admin/dashboard_activity.go
+++ b/internal/api/admin/dashboard_activity.go
@@ -168,126 +168,38 @@ func (h *handler) DashboardActivityProfitLoss() core.HandlerFunc {
 			}
 		}
 
-		// 3. 统计营收和优惠券抵扣 (通过 orders 关联 activity_draw_logs)
-		// 3. 统计营收和优惠券抵扣 (通过 orders 关联 activity_draw_logs)
-		// BUG修复：排除已退款订单(status=4)。
-		// 注意: MySQL SUM()运算涉及除法时会返回Decimal类型，需要Scan到float64
-		type revenueStat struct {
-			ActivityID    int64
-			TotalRevenue  float64
-			TotalDiscount float64
-		}
-		var revenueStats []revenueStat
-
-		// 修正: 按抽奖次数比例分摊订单金额，且次卡订单不计入支付+优惠券口径（严格二选一）
-		var err error
-		err = db.Table(model.TableNameOrders).
-			Select(`
-				order_activity_draws.activity_id, 
-				SUM(CASE WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
-					THEN 0
-					ELSE 1.0 * orders.actual_amount * order_activity_draws.draw_count / order_total_draws.total_count
-				END) as total_revenue, 
-				SUM(CASE WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
-					THEN 0
-					ELSE 1.0 * orders.discount_amount * order_activity_draws.draw_count / order_total_draws.total_count
-				END) as total_discount
-			`).
-			// Subquery 1: Calculate draw counts per order per activity (and link to issue->activity)
-			Joins(`JOIN (
-				SELECT activity_draw_logs.order_id, activity_issues.activity_id, COUNT(*) as draw_count
-				FROM activity_draw_logs
-				JOIN activity_issues ON activity_issues.id = activity_draw_logs.issue_id
-				GROUP BY activity_draw_logs.order_id, activity_issues.activity_id
-			) as order_activity_draws ON order_activity_draws.order_id = orders.id`).
-			// Subquery 2: Calculate total draw counts per order
-			Joins(`JOIN (
-				SELECT order_id, COUNT(*) as total_count
-				FROM activity_draw_logs
-				GROUP BY order_id
-			) as order_total_draws ON order_total_draws.order_id = orders.id`).
-			Where("orders.status = ?", 2). // 已支付（排除待支付、取消、退款状态）
-			Where("order_activity_draws.activity_id IN ?", activityIDs).
-			Group("order_activity_draws.activity_id").
-			Scan(&revenueStats).Error
-
-		if err != nil {
-			h.logger.Error(fmt.Sprintf("GetActivityProfitLoss revenue stats error: %v", err))
-		}
-
-		for _, s := range revenueStats {
-			if item, ok := activityMap[s.ActivityID]; ok {
-				item.TotalRevenue = int64(s.TotalRevenue)
-				item.TotalDiscount = int64(s.TotalDiscount)
-			}
-		}
-
-		// 4. 从 finance.Service 获取成本（替换原有直接 SQL 成本查询）
-		// finance.Service 用 value_cents 作为单一真相源（D-09），无需 COALESCE fallback chain
+		// 3. 从 finance.Service 统一获取收入、成本和展示字段
+		// Revenue = actual_amount (真实现金)
+		// Cost = inventory value × item card multiplier
+		// 展示字段: CouponDiscount, PointsDiscount, GamePassValue
 		financeParams := financesvc.ActivityProfitLossParams{
 			ActivityIDs: activityIDs,
 		}
 		financeResult, financeErr := h.financeSvc.QueryActivityProfitLoss(ctx.RequestContext(), financeParams)
 		if financeErr != nil {
-			h.logger.Error(fmt.Sprintf("GetActivityProfitLoss finance cost error: %v", financeErr))
+			h.logger.Error(fmt.Sprintf("GetActivityProfitLoss finance error: %v", financeErr))
 		}
-		// 按 activity_id 建立 cost 索引
-		financeCostMap := make(map[int64]int64)
 		if financeResult != nil {
 			for _, d := range financeResult.Details {
-				financeCostMap[d.ActivityID] = d.Cost
-			}
-		}
-		for actID, item := range activityMap {
-			if cost, ok := financeCostMap[actID]; ok {
-				item.TotalCost = cost
-				item.PrizeCostFinal = cost
+				if item, ok := activityMap[d.ActivityID]; ok {
+					item.TotalRevenue = d.Revenue
+					item.TotalCost = d.Cost
+					item.PrizeCostFinal = d.Cost
+					item.TotalDiscount = d.CouponDiscount + d.PointsDiscount
+					item.TotalGamePassValue = d.GamePassValue
+				}
 			}
 		}
 
-		// 5. 统计次卡价值 (0元订单按活动单价计算)
-		// 先获取各活动的单价
-		activityPriceMap := make(map[int64]int64)
-		for _, a := range activities {
-			activityPriceMap[a.ID] = a.PriceDraw
-		}
-
-		// 统计每个活动的0元订单对应的抽奖次数 (次卡支付)
-		// BUG修复：之前统计的是订单数量，但一个订单可能包含多次抽奖
-		// 正确做法是统计抽奖次数，再乘以活动单价
-		type gamePassStat struct {
-			ActivityID    int64
-			GamePassDraws int64 // 抽奖次数，非订单数
-		}
-		var gamePassStats []gamePassStat
-		db.Table(model.TableNameActivityDrawLogs).
-			Select("activity_issues.activity_id, COUNT(activity_draw_logs.id) as game_pass_draws").
-			Joins("JOIN activity_issues ON activity_issues.id = activity_draw_logs.issue_id").
-			Joins("JOIN orders ON orders.id = activity_draw_logs.order_id").
-			Where("orders.status = ? AND orders.status != ?", 2, 4).       // 已支付且未退款
-			Where("orders.actual_amount = 0").                             // 0元订单
-			Where("orders.source_type = 4 OR orders.order_no LIKE 'GP%'"). // 次数卡 (Lottery SourceType=4 OR Matching Game GP prefix)
-			Where("activity_issues.activity_id IN ?", activityIDs).
-			Group("activity_issues.activity_id").
-			Scan(&gamePassStats)
-
-		for _, s := range gamePassStats {
-			if item, ok := activityMap[s.ActivityID]; ok {
-				// 次卡价值 = 次卡抽奖次数 * 活动单价
-				item.TotalGamePassValue = s.GamePassDraws * activityPriceMap[s.ActivityID]
-			}
-		}
-
-		// 6. 计算盈亏和比率
-		// 成本来自 finance.Service（value_cents 单一真相源 + 道具卡倍率）
-		// 收入来自原有 scan（保留 total_discount / total_game_pass_value 拆分字段）
+		// 4. 计算盈亏和比率
+		// Revenue = 现金到账, Cost = 奖品成本
+		// Profit = Revenue - Cost (优惠券/积分/次卡不参与利润计算)
 		finalList := make([]activityProfitLossItem, 0, len(activities))
 		for _, a := range activities {
 			item := activityMap[a.ID]
-			item.SpendingPaidCoupon = item.TotalRevenue + item.TotalDiscount
+			item.SpendingPaidCoupon = item.TotalRevenue
 			item.SpendingGamePass = item.TotalGamePassValue
-			totalIncome := item.SpendingPaidCoupon + item.SpendingGamePass
-			item.Profit, item.ProfitRate = financesvc.ComputeProfit(totalIncome, item.TotalCost)
+			item.Profit, item.ProfitRate = financesvc.ComputeProfit(item.TotalRevenue, item.TotalCost)
 			finalList = append(finalList, *item)
 		}
 
@@ -609,11 +521,11 @@ func (h *handler) DashboardActivityLogs() core.HandlerFunc {
 			if drawCount <= 0 {
 				drawCount = 1
 			}
-			perDrawOrderAmount := l.OrderAmount / drawCount
-			perDrawDiscountAmount := l.DiscountAmount / drawCount
-			perDrawPointsAmount := l.PointsAmount / drawCount
+			perDrawOrderAmount := l.OrderAmount / drawCount       // actual_amount 分摊（现金）
+			perDrawDiscountAmount := l.DiscountAmount / drawCount // 展示用
+			perDrawPointsAmount := l.PointsAmount / drawCount     // 展示用
 
-			// 次卡单口径：仅记次卡价值，不再叠加 discount，避免“次卡+现金”双计
+			// 次卡单口径：仅记次卡价值，不再叠加 discount，避免”次卡+现金”双计
 			if isGamePassOrder {
 				if l.ActivityPrice > 0 {
 					perDrawOrderAmount = l.ActivityPrice
@@ -626,6 +538,9 @@ func (h *handler) DashboardActivityLogs() core.HandlerFunc {
 			paymentDetails.CouponDiscount = perDrawDiscountAmount
 			paymentDetails.PointsDiscount = perDrawPointsAmount
 
+			// 计算单次抽奖成本：使用 value_cents × 道具卡倍率（与 finance service 一致）
+			prizeCost := financesvc.ComputePrizeCostWithMultiplier(l.ProductPrice, int64(l.Multiplier)*1000)
+
 			list[i] = activityLogItem{
 				ID:              l.ID,
 				UserID:          l.UserID,
@@ -636,13 +551,13 @@ func (h *handler) DashboardActivityLogs() core.HandlerFunc {
 				ProductImage:    productImage,
 				ProductPrice:    l.ProductPrice,
 				ProductQuantity: quantity,
-				OrderAmount:     perDrawOrderAmount,    // 单次抽奖分摊的支付金额
+				OrderAmount:     perDrawOrderAmount,    // 单次抽奖分摊的现金金额
 				OrderNo:         l.OrderNo,             // 订单号
-				DiscountAmount:  perDrawDiscountAmount, // 单次抽奖分摊的优惠金额
+				DiscountAmount:  perDrawDiscountAmount, // 单次抽奖分摊的优惠金额（展示用）
 				PayType:         payType,
 				UsedCard:        usedCard,
 				OrderStatus:     l.OrderStatus,
-				Profit:          perDrawOrderAmount + perDrawDiscountAmount - l.ProductPrice*quantity, // 单次盈亏 = 分摊收入 - 成本*数量
+				Profit:          perDrawOrderAmount - prizeCost, // 单次盈亏 = 现金收入 - 奖品成本(含倍率)
 				CreatedAt:       l.CreatedAt,
 				PaymentDetails:  paymentDetails,
 			}
diff --git a/internal/api/admin/dashboard_spending.go b/internal/api/admin/dashboard_spending.go
index ae9883b..a76d834 100755
--- a/internal/api/admin/dashboard_spending.go
+++ b/internal/api/admin/dashboard_spending.go
@@ -123,11 +123,11 @@ func (h *handler) DashboardPlayerSpendingLeaderboard() core.HandlerFunc {
 		}
 
 		if err := query.Select(`
-				orders.user_id, 
+				orders.user_id,
 				SUM(CASE WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
 					THEN COALESCE(oa.price_draw * oa.draw_count, 0)
-					ELSE orders.actual_amount + orders.discount_amount
-				END) as total_amount, 
+					ELSE orders.actual_amount
+				END) as total_amount,
 				COUNT(orders.id) as order_count,
 				SUM(orders.discount_amount) as total_discount,
 				SUM(orders.points_amount) as total_points,
@@ -140,21 +140,21 @@ func (h *handler) DashboardPlayerSpendingLeaderboard() core.HandlerFunc {
 				SUM(CASE WHEN oa.category_id = 1 THEN
 					CASE WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
 						THEN COALESCE(oa.price_draw * oa.draw_count, 0)
-						ELSE orders.actual_amount + orders.discount_amount
+						ELSE orders.actual_amount
 					END
 				ELSE 0 END) as ichiban_spending,
 				SUM(CASE WHEN oa.category_id = 1 THEN 1 ELSE 0 END) as ichiban_count,
 				SUM(CASE WHEN oa.category_id = 2 THEN
 					CASE WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
 						THEN COALESCE(oa.price_draw * oa.draw_count, 0)
-						ELSE orders.actual_amount + orders.discount_amount
+						ELSE orders.actual_amount
 					END
 				ELSE 0 END) as infinite_spending,
 				SUM(CASE WHEN oa.category_id = 2 THEN 1 ELSE 0 END) as infinite_count,
 				SUM(CASE WHEN oa.category_id = 3 THEN
 					CASE WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
 						THEN COALESCE(oa.price_draw * oa.draw_count, 0)
-						ELSE orders.actual_amount + orders.discount_amount
+						ELSE orders.actual_amount
 					END
 				ELSE 0 END) as matching_spending,
 				SUM(CASE WHEN oa.category_id = 3 THEN 1 ELSE 0 END) as matching_count,
@@ -261,9 +261,10 @@ func (h *handler) DashboardPlayerSpendingLeaderboard() core.HandlerFunc {
 				query = query.Where("user_inventory.created_at >= ?", start).
 					Where("user_inventory.created_at <= ?", end)
 			}
-			// Only include Holding (1) and Shipped/Used (3) items. Exclude Void/Decomposed (2).
+			// Only include Holding (1) and Shipped/Used (3) items. Exclude Void/Decomposed (2) and redeemed-to-points (3+redeemed).
 			query = query.Where("user_inventory.status IN ?", []int{1, 3}).
-				Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%")
+				Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%").
+				Where("NOT (user_inventory.status = 3 AND (COALESCE(user_inventory.remark, '') LIKE ? OR COALESCE(user_inventory.remark, '') LIKE ?))", "%redeemed_points%", "%batch_redeemed%")
 
 			err := query.Select(`
 					user_inventory.user_id, 
@@ -339,7 +340,8 @@ func (h *handler) DashboardPlayerSpendingLeaderboard() core.HandlerFunc {
 					Joins("LEFT JOIN products ON products.id = user_inventory.product_id").
 					Where("user_inventory.user_id IN ?", userIDs).
 					Where("user_inventory.status IN (1,3)").
-					Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%")
+					Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%").
+					Where("NOT (user_inventory.status = 3 AND (COALESCE(user_inventory.remark, '') LIKE ? OR COALESCE(user_inventory.remark, '') LIKE ?))", "%redeemed_points%", "%batch_redeemed%")
 				if req.RangeType != "all" {
 					invQ = invQ.Where("user_inventory.created_at >= ?", start.Add(-2*time.Hour)).
 						Where("user_inventory.created_at <= ?", end.Add(24*time.Hour))
diff --git a/internal/api/admin/dashboard_user_spending.go b/internal/api/admin/dashboard_user_spending.go
index e5ea9ec..f9bd16c 100755
--- a/internal/api/admin/dashboard_user_spending.go
+++ b/internal/api/admin/dashboard_user_spending.go
@@ -115,7 +115,7 @@ func (h *handler) GetUserSpendingDashboard() core.HandlerFunc {
 			CAST(ROUND(SUM(CASE
 				WHEN orders.source_type = 4 OR orders.order_no LIKE 'GP%' OR (orders.actual_amount = 0 AND orders.remark LIKE '%use_game_pass%')
 					THEN COALESCE(order_activity_draws.draw_count * activities.price_draw, 0)
-				ELSE COALESCE((orders.actual_amount + orders.discount_amount) * order_activity_draws.draw_count / NULLIF(order_total_draws.total_count, 0), 0)
+				ELSE COALESCE(orders.actual_amount * order_activity_draws.draw_count / NULLIF(order_total_draws.total_count, 0), 0)
 			END), 0) AS SIGNED) as spending,
 			COUNT(DISTINCT orders.id) as order_count
 		`).
@@ -143,7 +143,9 @@ func (h *handler) GetUserSpendingDashboard() core.HandlerFunc {
 			Joins("LEFT JOIN system_item_cards ON system_item_cards.id = user_item_cards.card_id").
 			Where("user_inventory.user_id = ?", userID).
 			Where("user_inventory.status IN ?", []int{1, 3}).
-			Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%")
+			Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%").
+			Where("NOT (user_inventory.status = 3 AND (COALESCE(user_inventory.remark, '') LIKE ? OR COALESCE(user_inventory.remark, '') LIKE ?))", "%redeemed_points%", "%batch_redeemed%").
+			Where("COALESCE(NULLIF(user_inventory.activity_id, 0), cost_issues.activity_id, 0) > 0")
 
 		if hasRange {
 			prizeQuery = prizeQuery.Where("user_inventory.created_at >= ?", start).Where("user_inventory.created_at <= ?", end)
@@ -243,7 +245,8 @@ func (h *handler) GetUserSpendingDashboard() core.HandlerFunc {
 				Joins("LEFT JOIN products ON products.id = user_inventory.product_id").
 				Where("user_id = ?", userID).
 				Where("status IN (1,3)").
-				Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%")
+				Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%").
+				Where("NOT (user_inventory.status = 3 AND (COALESCE(user_inventory.remark, '') LIKE ? OR COALESCE(user_inventory.remark, '') LIKE ?))", "%redeemed_points%", "%batch_redeemed%")
 			if hasRange {
 				invQ = invQ.Where("created_at >= ?", start.Add(-2*time.Hour)).Where("created_at <= ?", end.Add(24*time.Hour))
 			}
diff --git a/internal/api/admin/users_profile.go b/internal/api/admin/users_profile.go
index cecc471..5525a51 100755
--- a/internal/api/admin/users_profile.go
+++ b/internal/api/admin/users_profile.go
@@ -209,6 +209,7 @@ func (h *handler) GetUserProfile() core.HandlerFunc {
 			LEFT JOIN system_item_cards sic ON sic.id = uic.card_id
 			WHERE ui.user_id = ? AND ui.status IN (1, 3)
 			  AND COALESCE(ui.remark, '') NOT LIKE '%%void%%'
+			  AND NOT (ui.status = 3 AND (COALESCE(ui.remark, '') LIKE '%%redeemed_points%%' OR COALESCE(ui.remark, '') LIKE '%%batch_redeemed%%'))
 		`, userID).Scan(&is).Error
 		rsp.CurrentAssets.InventoryCount = is.Count
 		rsp.CurrentAssets.InventoryValue = is.Value
diff --git a/internal/api/admin/users_profit_loss.go b/internal/api/admin/users_profit_loss.go
index fafda9c..dd002f1 100755
--- a/internal/api/admin/users_profit_loss.go
+++ b/internal/api/admin/users_profit_loss.go
@@ -100,6 +100,7 @@ func (h *handler) GetUserProfitLossTrend() core.HandlerFunc {
 			LEFT JOIN system_item_cards sic ON sic.id = uic.card_id
 			WHERE ui.user_id = ? AND ui.status IN (1, 3)
 			  AND COALESCE(ui.remark, '') NOT LIKE '%%void%%'
+			  AND NOT (ui.status = 3 AND (COALESCE(ui.remark, '') LIKE '%%redeemed_points%%' OR COALESCE(ui.remark, '') LIKE '%%batch_redeemed%%'))
 		`, userID).Scan(&curAssets.Products).Error
 		_ = h.repo.GetDbR().Raw("SELECT COALESCE(SUM(sc.price), 0) FROM user_item_cards uic LEFT JOIN system_item_cards sc ON sc.id = uic.card_id WHERE uic.user_id = ? AND uic.status = 1", userID).Scan(&curAssets.Cards).Error
 		_ = h.repo.GetDbR().Raw("SELECT COALESCE(SUM(balance_amount), 0) FROM user_coupons WHERE user_id = ? AND status = 1", userID).Scan(&curAssets.Coupons).Error
@@ -112,7 +113,7 @@ func (h *handler) GetUserProfitLossTrend() core.HandlerFunc {
 			SELECT COALESCE(SUM(CASE
 				WHEN o.source_type = 4 OR o.order_no LIKE 'GP%' OR (o.actual_amount = 0 AND o.remark LIKE '%use_game_pass%')
 					THEN COALESCE(od.draw_count * a.price_draw, 0)
-				ELSE o.actual_amount + o.discount_amount
+				ELSE o.actual_amount
 			END), 0)
 			FROM orders o
 			LEFT JOIN (
@@ -148,7 +149,7 @@ func (h *handler) GetUserProfitLossTrend() core.HandlerFunc {
 				CASE
 					WHEN o.source_type = 4 OR o.order_no LIKE 'GP%' OR (o.actual_amount = 0 AND o.remark LIKE '%use_game_pass%')
 						THEN COALESCE(od.draw_count * a.price_draw, 0)
-					ELSE o.actual_amount + o.discount_amount
+					ELSE o.actual_amount
 				END as spending
 			FROM orders o
 			LEFT JOIN (
@@ -230,7 +231,7 @@ func (h *handler) GetUserProfitLossTrend() core.HandlerFunc {
 			SELECT COALESCE(SUM(CASE
 				WHEN o.source_type = 4 OR o.order_no LIKE 'GP%' OR (o.actual_amount = 0 AND o.remark LIKE '%use_game_pass%')
 					THEN COALESCE(od.draw_count * a.price_draw, 0)
-				ELSE o.actual_amount + o.discount_amount
+				ELSE o.actual_amount
 			END), 0)
 			FROM orders o
 			LEFT JOIN (
@@ -505,7 +506,7 @@ func (h *handler) GetUserProfitLossDetails() core.HandlerFunc {
 					CASE
 						WHEN o.source_type = 4 OR o.order_no LIKE 'GP%' OR (o.actual_amount = 0 AND o.remark LIKE '%use_game_pass%')
 							THEN COALESCE(od.draw_count * a.price_draw, 0)
-						ELSE o.actual_amount + o.discount_amount
+						ELSE o.actual_amount
 					END as spending
 				FROM orders o
 				LEFT JOIN (
@@ -532,7 +533,7 @@ func (h *handler) GetUserProfitLossDetails() core.HandlerFunc {
 			couponValue := couponValueMap[o.ID]
 			spending := orderSpendingMap[o.ID]
 			if spending == 0 {
-				spending = o.ActualAmount + o.DiscountAmount
+				spending = o.ActualAmount
 			}
 			netCost := spending - refund
 			if netCost < 0 {
diff --git a/internal/service/finance/profit_metrics.go b/internal/service/finance/profit_metrics.go
index 10e52d2..796284e 100644
--- a/internal/service/finance/profit_metrics.go
+++ b/internal/service/finance/profit_metrics.go
@@ -13,7 +13,10 @@ type SpendingBreakdown struct {
 
 // ClassifyOrderSpending applies the unified rule:
 // - game pass order: spending = game pass value
-// - normal order: spending = actual + discount
+// - normal order: spending = actual_amount only (real cash received)
+//
+// Note: discount_amount (coupon) and points_amount are FREE marketing subsidies,
+// NOT real revenue. They are tracked as display-only fields separately.
 func ClassifyOrderSpending(sourceType int32, orderNo string, actualAmount, discountAmount int64, remark string, gamePassValue int64) SpendingBreakdown {
 	isGamePass := IsGamePassOrder(sourceType, orderNo, actualAmount, remark)
 	if isGamePass {
@@ -28,14 +31,14 @@ func ClassifyOrderSpending(sourceType int32, orderNo string, actualAmount, disco
 		}
 	}
 
-	paidCoupon := actualAmount + discountAmount
-	if paidCoupon < 0 {
-		paidCoupon = 0
+	cashRevenue := actualAmount
+	if cashRevenue < 0 {
+		cashRevenue = 0
 	}
 	return SpendingBreakdown{
-		PaidCoupon: paidCoupon,
+		PaidCoupon: cashRevenue,
 		GamePass:   0,
-		Total:      paidCoupon,
+		Total:      cashRevenue,
 		IsGamePass: false,
 	}
 }
diff --git a/internal/service/finance/query_activity.go b/internal/service/finance/query_activity.go
index 476e0b0..9d1f53d 100644
--- a/internal/service/finance/query_activity.go
+++ b/internal/service/finance/query_activity.go
@@ -4,13 +4,15 @@ import (
 	"context"
 	"fmt"
 
-	"bindbox-game/internal/pkg/points"
 	"bindbox-game/internal/repository/mysql/model"
 )
 
 // queryActivity implements QueryActivityProfitLoss using fan-out + in-memory merge.
-// Four independent Scan() calls gather revenue, inventory cost, points cost,
-// and coupon cost attributed to activity dimension; results merged in Go.
+// Two independent Scan() calls gather revenue and inventory cost
+// attributed to activity dimension; results merged in Go.
+//
+// Revenue = actual_amount only (real cash). Coupons/points are FREE marketing subsidies.
+// Cost = inventory value × item card multiplier only.
 func (s *service) queryActivity(ctx context.Context, params ActivityProfitLossParams) (*ProfitLossResult, error) {
 	// Step 1: Revenue scan — per-order rows attributed to activity via draw logs
 	type activityRevenueRow struct {
@@ -19,6 +21,7 @@ func (s *service) queryActivity(ctx context.Context, params ActivityProfitLossPa
 		OrderNo        string
 		ActualAmount   int64
 		DiscountAmount int64
+		PointsAmount   int64
 		Remark         string
 		DrawCount      int64
 		ActivityPrice  int64
@@ -28,14 +31,14 @@ func (s *service) queryActivity(ctx context.Context, params ActivityProfitLossPa
 		Table(model.TableNameOrders).
 		Select(`activity_issues.activity_id,
                 orders.source_type, orders.order_no,
-                orders.actual_amount, orders.discount_amount, orders.remark,
+                orders.actual_amount, orders.discount_amount, orders.points_amount, orders.remark,
                 COUNT(activity_draw_logs.id) as draw_count,
                 COALESCE(MAX(activities.price_draw), 0) as activity_price`).
 		Joins("JOIN activity_draw_logs ON activity_draw_logs.order_id = orders.id").
 		Joins("JOIN activity_issues ON activity_issues.id = activity_draw_logs.issue_id").
 		Joins("LEFT JOIN activities ON activities.id = activity_issues.activity_id").
 		Where("orders.status = ?", 2).
-		Group("orders.id, activity_issues.activity_id, orders.source_type, orders.order_no, orders.actual_amount, orders.discount_amount, orders.remark")
+		Group("orders.id, activity_issues.activity_id, orders.source_type, orders.order_no, orders.actual_amount, orders.discount_amount, orders.points_amount, orders.remark")
 	if len(params.ActivityIDs) > 0 {
 		q = q.Where("activity_issues.activity_id IN ?", params.ActivityIDs)
 	}
@@ -56,7 +59,16 @@ func (s *service) queryActivity(ctx context.Context, params ActivityProfitLossPa
 		if _, ok := resultMap[r.ActivityID]; !ok {
 			resultMap[r.ActivityID] = &ProfitLossDetail{ActivityID: r.ActivityID}
 		}
-		resultMap[r.ActivityID].Revenue += bd.Total
+		d := resultMap[r.ActivityID]
+		d.Revenue += bd.Total
+
+		// Populate display-only fields
+		if bd.IsGamePass {
+			d.GamePassValue += bd.GamePass
+		} else {
+			d.CouponDiscount += r.DiscountAmount
+			d.PointsDiscount += r.PointsAmount
+		}
 	}
 
 	// Step 2: Inventory cost scan — grouped by activity_id, multiplier applied in Go
@@ -68,13 +80,16 @@ func (s *service) queryActivity(ctx context.Context, params ActivityProfitLossPa
 	iq := s.dbR.WithContext(ctx).
 		Table(model.TableNameUserInventory).
 		Select(`user_inventory.activity_id,
-                user_inventory.value_cents,
+                COALESCE(NULLIF(user_inventory.value_cents, 0), activity_reward_settings.price_snapshot_cents, products.price, 0) as value_cents,
                 COALESCE(system_item_cards.reward_multiplier_x1000, 1000) as multiplier_x1000`).
+		Joins("LEFT JOIN activity_reward_settings ON activity_reward_settings.id = user_inventory.reward_id").
+		Joins("LEFT JOIN products ON products.id = user_inventory.product_id").
 		Joins("LEFT JOIN orders ON orders.id = user_inventory.order_id").
 		Joins("LEFT JOIN user_item_cards ON user_item_cards.id = orders.item_card_id").
 		Joins("LEFT JOIN system_item_cards ON system_item_cards.id = user_item_cards.card_id").
 		Where("user_inventory.status IN ?", []int{1, 3}).
 		Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%").
+		Where("NOT (user_inventory.status = 3 AND (COALESCE(user_inventory.remark, '') LIKE ? OR COALESCE(user_inventory.remark, '') LIKE ?))", "%redeemed_points%", "%batch_redeemed%").
 		Where("(orders.status = ? OR user_inventory.order_id = 0 OR user_inventory.order_id IS NULL)", 2)
 	if len(params.ActivityIDs) > 0 {
 		iq = iq.Where("user_inventory.activity_id IN ?", params.ActivityIDs)
@@ -97,78 +112,7 @@ func (s *service) queryActivity(ctx context.Context, params ActivityProfitLossPa
 		resultMap[r.ActivityID].Cost += cost
 	}
 
-	// Step 3: Points cost scan — link via orders → draw_logs → activity
-	type activityPointsRow struct {
-		ActivityID  int64
-		TotalPoints int64
-	}
-	pq := s.dbR.WithContext(ctx).
-		Table(model.TableNameUserPointsLedger).
-		Select("activity_issues.activity_id, SUM(-user_points_ledger.points) as total_points").
-		Joins("JOIN orders ON orders.order_no = user_points_ledger.ref_id AND user_points_ledger.ref_table = 'orders'").
-		Joins("JOIN activity_draw_logs ON activity_draw_logs.order_id = orders.id").
-		Joins("JOIN activity_issues ON activity_issues.id = activity_draw_logs.issue_id").
-		Where("user_points_ledger.action = ?", "order_deduct").
-		Where("user_points_ledger.points < ?", 0).
-		Where("orders.status = ?", 2)
-	if len(params.ActivityIDs) > 0 {
-		pq = pq.Where("activity_issues.activity_id IN ?", params.ActivityIDs)
-	}
-	if params.StartTime != nil {
-		pq = pq.Where("user_points_ledger.created_at >= ?", *params.StartTime)
-	}
-	if params.EndTime != nil {
-		pq = pq.Where("user_points_ledger.created_at <= ?", *params.EndTime)
-	}
-	pq = pq.Group("activity_issues.activity_id")
-	var pointsRows []activityPointsRow
-	if err := pq.Scan(&pointsRows).Error; err != nil {
-		return nil, fmt.Errorf("QueryActivityProfitLoss points cost scan: %w", err)
-	}
-	rate := s.getPointsExchangeRate(ctx)
-	for _, r := range pointsRows {
-		costCents := points.PointsToCents(r.TotalPoints, float64(rate))
-		if _, ok := resultMap[r.ActivityID]; !ok {
-			resultMap[r.ActivityID] = &ProfitLossDetail{ActivityID: r.ActivityID}
-		}
-		resultMap[r.ActivityID].Cost += costCents
-	}
-
-	// Step 4: Coupon cost scan — link via orders → draw_logs → activity
-	type activityCouponRow struct {
-		ActivityID int64
-		TotalCost  int64
-	}
-	cq := s.dbR.WithContext(ctx).
-		Table(model.TableNameUserCouponLedger).
-		Select("activity_issues.activity_id, SUM(-user_coupon_ledger.change_amount) as total_cost").
-		Joins("JOIN orders ON orders.id = user_coupon_ledger.order_id").
-		Joins("JOIN activity_draw_logs ON activity_draw_logs.order_id = orders.id").
-		Joins("JOIN activity_issues ON activity_issues.id = activity_draw_logs.issue_id").
-		Where("user_coupon_ledger.change_amount < ?", 0).
-		Where("orders.status = ?", 2)
-	if len(params.ActivityIDs) > 0 {
-		cq = cq.Where("activity_issues.activity_id IN ?", params.ActivityIDs)
-	}
-	if params.StartTime != nil {
-		cq = cq.Where("user_coupon_ledger.created_at >= ?", *params.StartTime)
-	}
-	if params.EndTime != nil {
-		cq = cq.Where("user_coupon_ledger.created_at <= ?", *params.EndTime)
-	}
-	cq = cq.Group("activity_issues.activity_id")
-	var couponRows []activityCouponRow
-	if err := cq.Scan(&couponRows).Error; err != nil {
-		return nil, fmt.Errorf("QueryActivityProfitLoss coupon cost scan: %w", err)
-	}
-	for _, r := range couponRows {
-		if _, ok := resultMap[r.ActivityID]; !ok {
-			resultMap[r.ActivityID] = &ProfitLossDetail{ActivityID: r.ActivityID}
-		}
-		resultMap[r.ActivityID].Cost += r.TotalCost
-	}
-
-	// Step 5: Apply ComputeProfit per detail and aggregate totals
+	// Step 3: Apply ComputeProfit per detail and aggregate totals
 	details := make([]ProfitLossDetail, 0, len(resultMap))
 	var totalRevenue, totalCost int64
 	for _, d := range resultMap {
diff --git a/internal/service/finance/query_user.go b/internal/service/finance/query_user.go
index 5321e18..5ecd8df 100644
--- a/internal/service/finance/query_user.go
+++ b/internal/service/finance/query_user.go
@@ -4,13 +4,15 @@ import (
 	"context"
 	"fmt"
 
-	"bindbox-game/internal/pkg/points"
 	"bindbox-game/internal/repository/mysql/model"
 )
 
 // queryUser implements QueryUserProfitLoss using fan-out + in-memory merge pattern.
-// Four independent Scan() calls gather revenue, inventory cost, points cost,
-// and coupon cost; results are merged in Go via map[int64]*ProfitLossDetail.
+// Two independent Scan() calls gather revenue and inventory cost;
+// results are merged in Go via map[int64]*ProfitLossDetail.
+//
+// Revenue = actual_amount only (real cash). Coupons/points are FREE marketing subsidies.
+// Cost = inventory value × item card multiplier only.
 func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*ProfitLossResult, error) {
 	// Step 1: Revenue scan — per-order rows classified in Go
 	type userRevenueRow struct {
@@ -19,6 +21,7 @@ func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*
 		OrderNo        string
 		ActualAmount   int64
 		DiscountAmount int64
+		PointsAmount   int64
 		Remark         string
 		DrawCount      int64
 		ActivityPrice  int64
@@ -27,14 +30,14 @@ func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*
 	q := s.dbR.WithContext(ctx).
 		Table(model.TableNameOrders).
 		Select(`orders.user_id, orders.source_type, orders.order_no,
-                orders.actual_amount, orders.discount_amount, orders.remark,
+                orders.actual_amount, orders.discount_amount, orders.points_amount, orders.remark,
                 COUNT(activity_draw_logs.id) as draw_count,
                 COALESCE(MAX(activities.price_draw), 0) as activity_price`).
 		Joins(`LEFT JOIN activity_draw_logs ON activity_draw_logs.order_id = orders.id`).
 		Joins(`LEFT JOIN activity_issues ON activity_issues.id = activity_draw_logs.issue_id`).
 		Joins(`LEFT JOIN activities ON activities.id = activity_issues.activity_id`).
 		Where("orders.status = ?", 2).
-		Group("orders.id, orders.user_id, orders.source_type, orders.order_no, orders.actual_amount, orders.discount_amount, orders.remark")
+		Group("orders.id, orders.user_id, orders.source_type, orders.order_no, orders.actual_amount, orders.discount_amount, orders.points_amount, orders.remark")
 	if len(params.UserIDs) > 0 {
 		q = q.Where("orders.user_id IN ?", params.UserIDs)
 	}
@@ -55,7 +58,16 @@ func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*
 		if _, ok := resultMap[r.UserID]; !ok {
 			resultMap[r.UserID] = &ProfitLossDetail{UserID: r.UserID}
 		}
-		resultMap[r.UserID].Revenue += bd.Total
+		d := resultMap[r.UserID]
+		d.Revenue += bd.Total
+
+		// Populate display-only fields
+		if bd.IsGamePass {
+			d.GamePassValue += bd.GamePass
+		} else {
+			d.CouponDiscount += r.DiscountAmount
+			d.PointsDiscount += r.PointsAmount
+		}
 	}
 
 	// Step 2: Inventory cost scan — apply multiplier in Go (not SQL, for SQLite compat)
@@ -67,13 +79,16 @@ func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*
 	iq := s.dbR.WithContext(ctx).
 		Table(model.TableNameUserInventory).
 		Select(`user_inventory.user_id,
-                user_inventory.value_cents,
+                COALESCE(NULLIF(user_inventory.value_cents, 0), activity_reward_settings.price_snapshot_cents, products.price, 0) as value_cents,
                 COALESCE(system_item_cards.reward_multiplier_x1000, 1000) as multiplier_x1000`).
+		Joins("LEFT JOIN activity_reward_settings ON activity_reward_settings.id = user_inventory.reward_id").
+		Joins("LEFT JOIN products ON products.id = user_inventory.product_id").
 		Joins("LEFT JOIN orders ON orders.id = user_inventory.order_id").
 		Joins("LEFT JOIN user_item_cards ON user_item_cards.id = orders.item_card_id").
 		Joins("LEFT JOIN system_item_cards ON system_item_cards.id = user_item_cards.card_id").
 		Where("user_inventory.status IN ?", []int{1, 3}).
 		Where("COALESCE(user_inventory.remark, '') NOT LIKE ?", "%void%").
+		Where("NOT (user_inventory.status = 3 AND (COALESCE(user_inventory.remark, '') LIKE ? OR COALESCE(user_inventory.remark, '') LIKE ?))", "%redeemed_points%", "%batch_redeemed%").
 		Where("(orders.status = ? OR user_inventory.order_id = 0 OR user_inventory.order_id IS NULL)", 2)
 	if len(params.UserIDs) > 0 {
 		iq = iq.Where("user_inventory.user_id IN ?", params.UserIDs)
@@ -96,72 +111,7 @@ func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*
 		resultMap[r.UserID].Cost += cost
 	}
 
-	// Step 3: Points cost scan
-	type userPointsRow struct {
-		UserID      int64
-		TotalPoints int64
-	}
-	pq := s.dbR.WithContext(ctx).
-		Table(model.TableNameUserPointsLedger).
-		Select("user_id, SUM(-points) as total_points").
-		Where("action = ?", "order_deduct").
-		Where("points < ?", 0)
-	if len(params.UserIDs) > 0 {
-		pq = pq.Where("user_id IN ?", params.UserIDs)
-	}
-	if params.StartTime != nil {
-		pq = pq.Where("created_at >= ?", *params.StartTime)
-	}
-	if params.EndTime != nil {
-		pq = pq.Where("created_at <= ?", *params.EndTime)
-	}
-	pq = pq.Group("user_id")
-	var pointsRows []userPointsRow
-	if err := pq.Scan(&pointsRows).Error; err != nil {
-		return nil, fmt.Errorf("QueryUserProfitLoss points cost scan: %w", err)
-	}
-	rate := s.getPointsExchangeRate(ctx)
-	for _, r := range pointsRows {
-		costCents := points.PointsToCents(r.TotalPoints, float64(rate))
-		if _, ok := resultMap[r.UserID]; !ok {
-			resultMap[r.UserID] = &ProfitLossDetail{UserID: r.UserID}
-		}
-		resultMap[r.UserID].Cost += costCents
-	}
-
-	// Step 4: Coupon cost scan — join to paid orders
-	type userCouponRow struct {
-		UserID    int64
-		TotalCost int64
-	}
-	cq := s.dbR.WithContext(ctx).
-		Table(model.TableNameUserCouponLedger).
-		Select("user_coupon_ledger.user_id, SUM(-user_coupon_ledger.change_amount) as total_cost").
-		Joins("LEFT JOIN orders ON orders.id = user_coupon_ledger.order_id").
-		Where("user_coupon_ledger.change_amount < ?", 0).
-		Where("orders.status = ?", 2)
-	if len(params.UserIDs) > 0 {
-		cq = cq.Where("user_coupon_ledger.user_id IN ?", params.UserIDs)
-	}
-	if params.StartTime != nil {
-		cq = cq.Where("user_coupon_ledger.created_at >= ?", *params.StartTime)
-	}
-	if params.EndTime != nil {
-		cq = cq.Where("user_coupon_ledger.created_at <= ?", *params.EndTime)
-	}
-	cq = cq.Group("user_coupon_ledger.user_id")
-	var couponRows []userCouponRow
-	if err := cq.Scan(&couponRows).Error; err != nil {
-		return nil, fmt.Errorf("QueryUserProfitLoss coupon cost scan: %w", err)
-	}
-	for _, r := range couponRows {
-		if _, ok := resultMap[r.UserID]; !ok {
-			resultMap[r.UserID] = &ProfitLossDetail{UserID: r.UserID}
-		}
-		resultMap[r.UserID].Cost += r.TotalCost
-	}
-
-	// Step 5: Apply ComputeProfit per detail and aggregate totals
+	// Step 3: Apply ComputeProfit per detail and aggregate totals
 	details := make([]ProfitLossDetail, 0, len(resultMap))
 	var totalRevenue, totalCost int64
 	for _, d := range resultMap {
@@ -180,22 +130,3 @@ func (s *service) queryUser(ctx context.Context, params UserProfitLossParams) (*
 		Breakdown:    []interface{}{},
 	}, nil
 }
-
-// getPointsExchangeRate reads system_configs for the points exchange rate.
-// Falls back to 1 (1 yuan = 1 point) on any error.
-func (s *service) getPointsExchangeRate(ctx context.Context) int64 {
-	var cfg struct{ ConfigValue string }
-	if err := s.dbR.WithContext(ctx).
-		Table("system_configs").
-		Select("config_value").
-		Where("config_key = ?", "points.exchange_rate").
-		First(&cfg).Error; err != nil {
-		return 1
-	}
-	var rate int64
-	fmt.Sscanf(cfg.ConfigValue, "%d", &rate)
-	if rate <= 0 {
-		return 1
-	}
-	return rate
-}
diff --git a/internal/service/finance/types.go b/internal/service/finance/types.go
index cc667b3..015c5b4 100644
--- a/internal/service/finance/types.go
+++ b/internal/service/finance/types.go
@@ -34,10 +34,16 @@ type ActivityProfitLossParams struct {
 type ProfitLossDetail struct {
 	UserID     int64   // populated for user dimension queries
 	ActivityID int64   // populated for activity dimension queries
-	Revenue    int64   // fen (RET-03: int64 only, no float64 for monetary)
-	Cost       int64   // fen
+	Revenue    int64   // fen — actual_amount only (real cash received)
+	Cost       int64   // fen — inventory value × item card multiplier
 	Profit     int64   // fen
 	ProfitRate float64 // ratio; only float64 field for monetary concept
+
+	// Display-only fields — NOT included in Revenue/Cost/Profit calculation.
+	// These are FREE marketing subsidies the platform gave away.
+	CouponDiscount int64 // fen — total coupon discount (orders.discount_amount)
+	PointsDiscount int64 // fen — total points discount (orders.points_amount)
+	GamePassValue  int64 // fen — total game pass value (draw_count × price_draw)
 }
 
 // ProfitLossResult — aggregated P&L result (RET-01)
diff --git a/migrations/20260325_fix_matching_gamepass_discount.sql b/migrations/20260325_fix_matching_gamepass_discount.sql
new file mode 100644
index 0000000..e780107
--- /dev/null
+++ b/migrations/20260325_fix_matching_gamepass_discount.sql
@@ -0,0 +1,24 @@
+-- 修复对对碰次数卡订单的幽灵 discount_amount
+-- 问题：matching_game_app.go 中次数卡下单时，DiscountAmount 被错误地设为活动全价
+--       实际上次数卡支付不涉及优惠券，discount_amount 应该为 0
+-- 影响：所有 discount_amount 汇总统计会虚高
+-- 代码修复：matching_game_app.go L175 DiscountAmount: activity.PriceDraw → 0
+
+-- Step 1: 先查看受影响的数据量（DRY RUN）
+-- SELECT COUNT(*) as affected_count,
+--        SUM(discount_amount) as total_phantom_discount_cents,
+--        SUM(discount_amount) / 100.0 as total_phantom_discount_yuan
+-- FROM orders
+-- WHERE source_type = 3
+--   AND actual_amount = 0
+--   AND discount_amount > 0
+--   AND (order_no LIKE 'GP%' OR remark LIKE '%game_pass%');
+
+-- Step 2: 执行修复
+UPDATE orders
+SET discount_amount = 0,
+    updated_at = NOW(3)
+WHERE source_type = 3
+  AND actual_amount = 0
+  AND discount_amount > 0
+  AND (order_no LIKE 'GP%' OR remark LIKE '%game_pass%');