diff --git a/backend/app/main.py b/backend/app/main.py
index 2eda858..7dc299f 100644
--- a/backend/app/main.py
+++ b/backend/app/main.py
@@ -12,6 +12,7 @@ from fastapi.responses import JSONResponse
 
 from app.routers.auth import router as auth_router
 from app.routers.companies import router as companies_router
+from app.routers.dashboard import router as dashboard_router
 from app.routers.reports import router as reports_router
 from app.schemas.common import error
 
@@ -71,3 +72,4 @@ async def health_check():
 app.include_router(auth_router, prefix="/api/v1")
 app.include_router(companies_router, prefix="/api/v1")
 app.include_router(reports_router, prefix="/api/v1")
+app.include_router(dashboard_router, prefix="/api/v1")
diff --git a/backend/app/routers/dashboard.py b/backend/app/routers/dashboard.py
new file mode 100644
index 0000000..27327e6
--- /dev/null
+++ b/backend/app/routers/dashboard.py
@@ -0,0 +1,107 @@
+"""健康度评分 + 仪表盘路由。"""
+
+from fastapi import APIRouter, Depends, Query
+from sqlalchemy import func, select
+from sqlalchemy.ext.asyncio import AsyncSession
+
+from app.core.database import get_db
+from app.core.dependencies import get_current_user
+from app.models.company import Company
+from app.models.health_score import HealthScore
+from app.models.report import MonthlyReport
+from app.models.risk import RiskEvent
+from app.models.user import User
+from app.schemas.common import ApiResponse, success
+from app.schemas.health_score import DashboardSummary, HealthScoreResponse
+
+router = APIRouter(prefix="/dashboard", tags=["dashboard"])
+
+
+@router.get("/summary", response_model=ApiResponse[DashboardSummary])
+async def get_dashboard_summary(
+    db: AsyncSession = Depends(get_db),
+    user: User = Depends(get_current_user),
+):
+    """获取仪表盘汇总数据。"""
+    tenant_id = user.tenant_id
+
+    # 企业总数
+    companies_result = await db.execute(
+        select(func.count()).select_from(Company).where(Company.tenant_id == tenant_id)
+    )
+    total_companies = companies_result.scalar_one()
+
+    # 平均健康度
+    avg_result = await db.execute(
+        select(func.avg(HealthScore.total_score))
+        .join(Company, HealthScore.company_id == Company.id)
+        .where(Company.tenant_id == tenant_id)
+    )
+    avg_score = avg_result.scalar_one()
+    avg_health_score = float(avg_score) if avg_score else 0.0
+
+    # 高风险事件数
+    risk_result = await db.execute(
+        select(func.count())
+        .select_from(RiskEvent)
+        .join(Company, RiskEvent.company_id == Company.id)
+        .where(Company.tenant_id == tenant_id, RiskEvent.status.in_(["open", "assigned", "in_progress"]))
+    )
+    high_risk_count = risk_result.scalar_one()
+
+    # 待审阅月报数
+    pending_result = await db.execute(
+        select(func.count())
+        .select_from(MonthlyReport)
+        .join(Company, MonthlyReport.company_id == Company.id)
+        .where(Company.tenant_id == tenant_id, MonthlyReport.status.in_(["submitted", "ai_parsed"]))
+    )
+    pending_reports = pending_result.scalar_one()
+
+    # 最近评分（最多 10 条）
+    recent_result = await db.execute(
+        select(HealthScore)
+        .join(Company, HealthScore.company_id == Company.id)
+        .where(Company.tenant_id == tenant_id)
+        .order_by(HealthScore.calculated_at.desc())
+        .limit(10)
+    )
+    recent_scores = [
+        HealthScoreResponse.model_validate(s, from_attributes=True)
+        for s in recent_result.scalars().all()
+    ]
+
+    return success(
+        data=DashboardSummary(
+            total_companies=total_companies,
+            avg_health_score=round(avg_health_score, 1),
+            high_risk_count=high_risk_count,
+            pending_reports=pending_reports,
+            recent_scores=recent_scores,
+        )
+    )
+
+
+@router.get("/scores", response_model=ApiResponse[list[HealthScoreResponse]])
+async def list_health_scores(
+    company_id: str | None = Query(default=None),
+    limit: int = Query(default=20, ge=1, le=100),
+    db: AsyncSession = Depends(get_db),
+    user: User = Depends(get_current_user),
+):
+    """获取健康度评分列表。"""
+    query = (
+        select(HealthScore)
+        .join(Company, HealthScore.company_id == Company.id)
+        .where(Company.tenant_id == user.tenant_id)
+    )
+    if company_id:
+        query = query.where(HealthScore.company_id == company_id)
+
+    query = query.order_by(HealthScore.calculated_at.desc()).limit(limit)
+    result = await db.execute(query)
+    scores = [
+        HealthScoreResponse.model_validate(s, from_attributes=True)
+        for s in result.scalars().all()
+    ]
+    return success(data=scores)
diff --git a/backend/app/schemas/health_score.py b/backend/app/schemas/health_score.py
new file mode 100644
index 0000000..e5a2b78
--- /dev/null
+++ b/backend/app/schemas/health_score.py
@@ -0,0 +1,30 @@
+"""健康度评分相关 Pydantic schema。"""
+
+from datetime import datetime
+from pydantic import BaseModel
+
+
+class HealthScoreResponse(BaseModel):
+    """健康度评分响应。"""
+
+    id: str
+    company_id: str
+    total_score: float
+    financial_score: float | None = None
+    operational_score: float | None = None
+    ai_commercial_score: float | None = None
+    ai_cost_score: float | None = None
+    trend: str | None = None
+    evidence_json: dict | None = None
+    recommendations_json: dict | None = None
+    calculated_at: datetime
+
+
+class DashboardSummary(BaseModel):
+    """仪表盘汇总数据。"""
+
+    total_companies: int
+    avg_health_score: float
+    high_risk_count: int
+    pending_reports: int
+    recent_scores: list[HealthScoreResponse]
diff --git a/backend/tests/test_dashboard.py b/backend/tests/test_dashboard.py
new file mode 100644
index 0000000..08b4293
--- /dev/null
+++ b/backend/tests/test_dashboard.py
@@ -0,0 +1,106 @@
+"""仪表盘 API 测试。"""
+
+import pytest
+from fastapi.testclient import TestClient
+from sqlalchemy.ext.asyncio import AsyncSession, create_async_engine, async_sessionmaker
+from app.core.database import Base, get_db
+from app.main import app
+
+TEST_DATABASE_URL = "sqlite+aiosqlite:///file::memory:?cache=shared&uri=true"
+
+test_engine = create_async_engine(TEST_DATABASE_URL, echo=False)
+test_session_factory = async_sessionmaker(test_engine, class_=AsyncSession, expire_on_commit=False)
+
+
+async def override_get_db():
+    async with test_session_factory() as session:
+        try:
+            yield session
+            await session.commit()
+        except Exception:
+            await session.rollback()
+            raise
+
+
+app.dependency_overrides[get_db] = override_get_db
+
+
+@pytest.fixture(scope="module", autouse=True)
+async def setup_db():
+    async with test_engine.begin() as conn:
+        await conn.run_sync(Base.metadata.create_all)
+    yield
+    async with test_engine.begin() as conn:
+        await conn.run_sync(Base.metadata.drop_all)
+
+
+@pytest.fixture
+def client():
+    return TestClient(app)
+
+
+@pytest.fixture
+def auth_headers(client: TestClient):
+    """注册并登录。"""
+    client.post(
+        "/api/v1/auth/register",
+        json={
+            "email": "dashboard_test@example.com",
+            "password": "password123",
+            "name": "测试投资经理",
+            "tenant_name": "测试机构",
+            "role": "investor",
+        },
+    )
+    resp = client.post(
+        "/api/v1/auth/login",
+        json={"email": "dashboard_test@example.com", "password": "password123"},
+    )
+    token = resp.json()["data"]["access_token"]
+    return {"Authorization": f"Bearer {token}"}
+
+
+class TestDashboardSummary:
+    """仪表盘汇总测试。"""
+
+    def test_summary_empty(self, client: TestClient, auth_headers: dict):
+        """空租户的汇总数据。"""
+        response = client.get("/api/v1/dashboard/summary", headers=auth_headers)
+        assert response.status_code == 200
+        data = response.json()
+        assert data["code"] == 0
+        assert data["data"]["total_companies"] == 0
+        assert data["data"]["avg_health_score"] == 0.0
+        assert data["data"]["high_risk_count"] == 0
+        assert data["data"]["pending_reports"] == 0
+
+    def test_summary_without_auth(self, client: TestClient):
+        """无认证应返回 401。"""
+        response = client.get("/api/v1/dashboard/summary")
+        assert response.status_code == 401
+
+    def test_summary_with_data(self, client: TestClient, auth_headers: dict):
+        """有企业数据后的汇总。"""
+        # 创建企业
+        client.post(
+            "/api/v1/companies",
+            json={"name": "仪表盘测试公司", "industry": "AI"},
+            headers=auth_headers,
+        )
+
+        response = client.get("/api/v1/dashboard/summary", headers=auth_headers)
+        assert response.status_code == 200
+        data = response.json()
+        assert data["data"]["total_companies"] >= 1
+
+
+class TestHealthScores:
+    """健康度评分列表测试。"""
+
+    def test_list_scores_empty(self, client: TestClient, auth_headers: dict):
+        """空评分列表。"""
+        response = client.get("/api/v1/dashboard/scores", headers=auth_headers)
+        assert response.status_code == 200
+        data = response.json()
+        assert data["code"] == 0
+        assert isinstance(data["data"], list)
diff --git a/frontend/src/app/(investor)/dashboard/page.tsx b/frontend/src/app/(investor)/dashboard/page.tsx
index de52b1a..859b434 100644
--- a/frontend/src/app/(investor)/dashboard/page.tsx
+++ b/frontend/src/app/(investor)/dashboard/page.tsx
@@ -1,15 +1,155 @@
-/** 投资人端驾驶舱首页 — 占位页面。 */
+"use client";
 
+import { useEffect, useState } from "react";
+import { Building2, Heart, AlertTriangle, FileText, TrendingUp, TrendingDown, Minus } from "lucide-react";
+import Link from "next/link";
+import { getDashboardSummary, type DashboardSummary } from "@/lib/dashboard";
 import { LoadingSpinner } from "@/components/shared/LoadingSpinner";
+import { EmptyState } from "@/components/shared/EmptyState";
+import { HealthScoreBadge } from "@/components/shared/HealthScoreBadge";
+
+/**
+ * 投资人端 — 驾驶舱首页。
+ */
+export default function InvestorDashboardPage() {
+  const [summary, setSummary] = useState<DashboardSummary | null>(null);
+  const [isLoading, setIsLoading] = useState(true);
+
+  useEffect(() => {
+    async function load() {
+      try {
+        const resp = await getDashboardSummary();
+        if (resp.data) setSummary(resp.data);
+      } catch {
+        // ignore
+      } finally {
+        setIsLoading(false);
+      }
+    }
+    load();
+  }, []);
+
+  if (isLoading) {
+    return (
+      <div className="space-y-6">
+        <h1 className="text-2xl font-bold text-foreground">投资机构驾驶舱</h1>
+        <div className="flex justify-center py-20">
+          <LoadingSpinner />
+        </div>
+      </div>
+    );
+  }
+
+  const kpis = [
+    {
+      label: "被投企业",
+      value: summary?.total_companies ?? 0,
+      icon: Building2,
+      href: "/companies",
+      color: "text-[var(--investor-primary)]",
+      bg: "bg-[var(--investor-primary)]/10",
+    },
+    {
+      label: "平均健康度",
+      value: summary?.avg_health_score?.toFixed(1) ?? "0.0",
+      icon: Heart,
+      href: "/companies",
+      color: "text-emerald-600",
+      bg: "bg-emerald-50",
+    },
+    {
+      label: "高风险事件",
+      value: summary?.high_risk_count ?? 0,
+      icon: AlertTriangle,
+      href: "/risks",
+      color: "text-amber-600",
+      bg: "bg-amber-50",
+    },
+    {
+      label: "待审月报",
+      value: summary?.pending_reports ?? 0,
+      icon: FileText,
+      href: "/reports",
+      color: "text-blue-600",
+      bg: "bg-blue-50",
+    },
+  ];
 
-export default function InvestorHomePage() {
   return (
     <div className="space-y-6">
       <div>
         <h1 className="text-2xl font-bold text-foreground">投资机构驾驶舱</h1>
         <p className="mt-1 text-sm text-muted-foreground">Portfolio 全局健康度与风险概览</p>
       </div>
-      <LoadingSpinner className="py-20" size={32} />
+
+      {/* KPI 卡片 */}
+      <div className="grid gap-4 sm:grid-cols-2 lg:grid-cols-4">
+        {kpis.map((kpi) => (
+          <Link
+            key={kpi.label}
+            href={kpi.href}
+            className="rounded-lg border bg-white p-5 shadow-sm transition-all hover:shadow-md"
+          >
+            <div className="flex items-center justify-between">
+              <div>
+                <p className="text-sm text-muted-foreground">{kpi.label}</p>
+                <p className="mt-1 text-2xl font-bold text-foreground">{kpi.value}</p>
+              </div>
+              <div className={`flex h-12 w-12 items-center justify-center rounded-lg ${kpi.bg}`}>
+                <kpi.icon className={kpi.color} size={24} aria-hidden="true" />
+              </div>
+            </div>
+          </Link>
+        ))}
+      </div>
+
+      {/* 健康度概览 */}
+      <div className="rounded-lg border bg-white p-5 shadow-sm">
+        <div className="mb-4 flex items-center justify-between">
+          <h2 className="text-lg font-semibold">健康度概览</h2>
+          <Link href="/companies" className="text-sm text-[var(--investor-primary)] hover:underline">
+            查看全部 →
+          </Link>
+        </div>
+
+        {summary && summary.recent_scores.length > 0 ? (
+          <div className="space-y-3">
+            {summary.recent_scores.map((score) => (
+              <div key={score.id} className="flex items-center justify-between border-b pb-3 last:border-0 last:pb-0">
+                <div className="flex items-center gap-3">
+                  <HealthScoreBadge score={Math.round(score.total_score)} />
+                  <div>
+                    <p className="text-sm font-medium">企业 ID: {score.company_id.slice(0, 8)}...</p>
+                    <p className="text-xs text-muted-foreground">
+                      {new Date(score.calculated_at).toLocaleDateString("zh-CN")}
+                    </p>
+                  </div>
+                </div>
+                <div className="flex items-center gap-4 text-sm">
+                  {score.financial_score !== null && (
+                    <span className="text-muted-foreground">财务: {score.financial_score.toFixed(0)}</span>
+                  )}
+                  {score.operational_score !== null && (
+                    <span className="text-muted-foreground">经营: {score.operational_score.toFixed(0)}</span>
+                  )}
+                  {score.trend && (
+                    <span className={`flex items-center gap-1 ${
+                      score.trend === "up" ? "text-emerald-600" :
+                      score.trend === "down" ? "text-rose-600" : "text-muted-foreground"
+                    }`}>
+                      {score.trend === "up" && <TrendingUp size={14} aria-hidden="true" />}
+                      {score.trend === "down" && <TrendingDown size={14} aria-hidden="true" />}
+                      {score.trend === "stable" && <Minus size={14} aria-hidden="true" />}
+                    </span>
+                  )}
+                </div>
+              </div>
+            ))}
+          </div>
+        ) : (
+          <EmptyState title="暂无评分数据" description="健康度评分将在月报提交后自动计算" />
+        )}
+      </div>
     </div>
   );
 }
diff --git a/frontend/src/lib/dashboard.ts b/frontend/src/lib/dashboard.ts
new file mode 100644
index 0000000..689c399
--- /dev/null
+++ b/frontend/src/lib/dashboard.ts
@@ -0,0 +1,42 @@
+/** 仪表盘相关类型和 API 函数。 */
+
+import { apiFetch, type ApiResponse } from "./api";
+
+/** 健康度评分。 */
+export interface HealthScore {
+  id: string;
+  company_id: string;
+  total_score: number;
+  financial_score: number | null;
+  operational_score: number | null;
+  ai_commercial_score: number | null;
+  ai_cost_score: number | null;
+  trend: string | null;
+  evidence_json: Record<string, unknown> | null;
+  recommendations_json: Record<string, unknown> | null;
+  calculated_at: string;
+}
+
+/** 仪表盘汇总数据。 */
+export interface DashboardSummary {
+  total_companies: number;
+  avg_health_score: number;
+  high_risk_count: number;
+  pending_reports: number;
+  recent_scores: HealthScore[];
+}
+
+/**
+ * 获取仪表盘汇总。
+ */
+export async function getDashboardSummary(): Promise<ApiResponse<DashboardSummary>> {
+  return apiFetch<DashboardSummary>("/dashboard/summary");
+}
+
+/**
+ * 获取健康度评分列表。
+ */
+export async function listHealthScores(companyId?: string): Promise<ApiResponse<HealthScore[]>> {
+  const query = companyId ? `?company_id=${companyId}` : "";
+  return apiFetch<HealthScore[]>(`/dashboard/scores${query}`);
+}