diff --git a/backend/src/services/risk.service.ts b/backend/src/services/risk.service.ts
index 2d7d56f..57d1219 100644
--- a/backend/src/services/risk.service.ts
+++ b/backend/src/services/risk.service.ts
@@ -1553,6 +1553,7 @@ export async function getAnnualValueReport(orgId: string, year: number) {
     policiesPublished,
     monthlyRisks,
     employeeRiskDetails,
+    pendingRisks,
   ] = await Promise.all([
     prisma.riskItem.count({
       where: {
@@ -1631,6 +1632,20 @@ export async function getAnnualValueReport(orgId: string, year: number) {
       },
       orderBy: { estimatedLoss: 'desc' },
     }),
+    // 未解决的风险列表（PENDING状态），按预估损失降序，最多100条
+    prisma.riskItem.findMany({
+      where: {
+        orgId, status: 'PENDING',
+        estimatedLoss: { gt: 0 },
+      },
+      include: {
+        employee: {
+          select: { id: true, name: true, department: true, idCardHash: true },
+        },
+      },
+      orderBy: { estimatedLoss: 'desc' },
+      take: 100,
+    }),
   ])
 
   // 按身份证号去重（同一人可能有多条 Employee 记录），无身份证号时回退到 employeeId
@@ -1763,16 +1778,42 @@ export async function getAnnualValueReport(orgId: string, year: number) {
     policiesPublished,
   }
 
-  const summary = roi >= 1000
-    ? `${year} 年系统创造价值约 ${fmtMoney(totalValue)}，ROI 达 ${roi}%，规避潜在损失 ${fmtMoney(lossAvoided)}，节约 HR 工时 ${timeSaved} 小时`
-    : roi >= 300
-      ? `${year} 年系统创造价值约 ${fmtMoney(totalValue)}，ROI ${roi}%，处理风险 ${risksResolved} 项，AI 辅助 ${aiConversations + aiReviews} 次`
-      : `${year} 年系统已运行，处理风险 ${risksResolved} 项，AI 辅助 ${aiConversations + aiReviews} 次，建议加强使用深度`
+  const summary = `${year} 年规避潜在损失 ${fmtMoney(lossAvoided)}，节约 HR 工时 ${timeSaved} 小时，仍有 ${pendingRisks.length} 项风险待处理`
+
+  // 未解决风险按员工去重+风险类别去重
+  const pendingBreakdown: Record<string, {
+    name: string
+    department: string
+    riskCount: number
+    totalLoss: number
+    details: { title: string; estimatedLoss: number; legalBasis: string }[]
+  }> = {}
+  for (const r of pendingRisks) {
+    const personKey = r.employee?.idCardHash || r.employee?.name || r.employeeId || '_unknown'
+    if (!pendingBreakdown[personKey]) {
+      pendingBreakdown[personKey] = {
+        name: r.employee?.name || '未知员工',
+        department: r.employee?.department || '-',
+        riskCount: 0,
+        totalLoss: 0,
+        details: [],
+      }
+    }
+    pendingBreakdown[personKey].riskCount++
+    pendingBreakdown[personKey].totalLoss += r.estimatedLoss || 0
+    pendingBreakdown[personKey].details.push({
+      title: r.title,
+      estimatedLoss: r.estimatedLoss || 0,
+      legalBasis: getLegalBasis(r.title),
+    })
+  }
+  const pendingRiskDetails = Object.values(pendingBreakdown)
+    .map(p => ({ ...p, details: p.details.sort((a, b) => b.estimatedLoss - a.estimatedLoss) }))
+    .sort((a, b) => b.totalLoss - a.totalLoss)
 
   return {
     year,
     totalValue,
-    roi,
     metrics,
     timeline,
     costSaved,
@@ -1780,6 +1821,7 @@ export async function getAnnualValueReport(orgId: string, year: number) {
     lossAvoided,
     adjustedLossAvoided,
     employeeDetails,
+    pendingRiskDetails,
     summary,
   }
 }
@@ -1795,7 +1837,6 @@ export async function saveAnnualValueReport(orgId: string, userId: string, year:
       orgId,
       year: result.year,
       totalValue: result.totalValue,
-      roi: result.roi,
       metrics: result.metrics as any,
       timeline: result.timeline as any,
       costSaved: result.costSaved,
diff --git a/frontend/src/pages/tools/AnnualValueReport.tsx b/frontend/src/pages/tools/AnnualValueReport.tsx
index faea2ec..2f08190 100644
--- a/frontend/src/pages/tools/AnnualValueReport.tsx
+++ b/frontend/src/pages/tools/AnnualValueReport.tsx
@@ -117,7 +117,7 @@ export default function AnnualValueReport() {
         </div>
       </div>
 
-      {/* ROI 横幅 */}
+      {/* 年度总价值概览 */}
       <Card className="bg-gradient-to-r from-primary/10 to-amber-50 border-primary/20">
         <div className="flex items-center justify-between">
           <div className="flex items-center gap-4">
@@ -125,13 +125,13 @@ export default function AnnualValueReport() {
               <TrendingUp className="w-8 h-8 text-primary" />
             </div>
             <div>
-              <div className="text-xs text-gray-500">投资回报率 (ROI)</div>
-              <div className="text-3xl font-bold text-primary">{report.roi}%</div>
+              <div className="text-xs text-gray-500">年度总价值</div>
+              <div className="text-3xl font-bold text-primary">{fmtMoney(report.totalValue)}</div>
             </div>
           </div>
           <div className="text-right">
-            <div className="text-xs text-gray-500">年度总价值</div>
-            <div className="text-2xl font-bold text-amber-600">{fmtMoney(report.totalValue)}</div>
+            <div className="text-xs text-gray-500">规避损失</div>
+            <div className="text-2xl font-bold text-safe">{fmtMoney(report.adjustedLossAvoided || 0)}</div>
           </div>
         </div>
         <p className="mt-3 text-sm text-gray-700">{report.summary}</p>
@@ -168,7 +168,7 @@ export default function AnnualValueReport() {
                 <div key={r.id} className="flex items-center justify-between p-2 rounded-md bg-gray-50 text-xs">
                   <div className="flex items-center gap-2">
                     <span className="font-medium">{r.year} 年</span>
-                    <span className="font-bold text-primary">ROI {r.roi}%</span>
+                    <span className="font-bold text-primary">总价值 {fmtMoney(r.totalValue)}</span>
                     <span className="text-gray-500">{r.summary}</span>
                   </div>
                   <span className="text-gray-400">{new Date(r.createdAt).toLocaleDateString('zh-CN')}</span>
@@ -270,6 +270,61 @@ export default function AnnualValueReport() {
         </Card>
       )}
 
+      {/* 未解决风险列表 */}
+      {report.pendingRiskDetails && report.pendingRiskDetails.length > 0 && (
+        <Card>
+          <h2 className="text-sm font-medium mb-3 flex items-center gap-1.5">
+            <span className="w-2 h-2 rounded-full bg-danger" />
+            待处理风险 ({report.pendingRiskDetails.length} 人)
+          </h2>
+          <div className="overflow-x-auto">
+            <table className="w-full text-xs">
+              <thead>
+                <tr className="border-b border-gray-200 text-gray-500">
+                  <th className="text-left py-2 px-2 font-medium">员工</th>
+                  <th className="text-left py-2 px-2 font-medium">部门</th>
+                  <th className="text-center py-2 px-2 font-medium">风险数</th>
+                  <th className="text-right py-2 px-2 font-medium">潜在损失</th>
+                  <th className="text-left py-2 px-2 font-medium">风险明细</th>
+                </tr>
+              </thead>
+              <tbody>
+                {report.pendingRiskDetails.map((emp: any, idx: number) => (
+                  <tr key={idx} className="border-b border-gray-50">
+                    <td className="py-2 px-2 font-medium">{emp.name}</td>
+                    <td className="py-2 px-2 text-gray-600">{emp.department}</td>
+                    <td className="py-2 px-2 text-center">{emp.riskCount}</td>
+                    <td className="py-2 px-2 text-right font-bold text-danger">¥{emp.totalLoss.toLocaleString()}</td>
+                    <td className="py-2 px-2">
+                      <div className="space-y-0.5">
+                        {emp.details.map((d: any, i: number) => (
+                          <div key={i} className="flex items-center gap-1.5">
+                            <span className="text-gray-700">{d.title}</span>
+                            <span className="text-gray-400">·</span>
+                            <span className="text-gray-500">{d.legalBasis}</span>
+                            <span className="text-gray-400">·</span>
+                            <span className="text-gray-600">¥{d.estimatedLoss.toLocaleString()}</span>
+                          </div>
+                        ))}
+                      </div>
+                    </td>
+                  </tr>
+                ))}
+              </tbody>
+              <tfoot>
+                <tr className="border-t-2 border-gray-200 font-bold">
+                  <td className="py-2 px-2" colSpan={3}>合计</td>
+                  <td className="py-2 px-2 text-right text-danger">
+                    ¥{report.pendingRiskDetails.reduce((s: number, e: any) => s + e.totalLoss, 0).toLocaleString()}
+                  </td>
+                  <td className="py-2 px-2"></td>
+                </tr>
+              </tfoot>
+            </table>
+          </div>
+        </Card>
+      )}
+
       {/* 价值计算说明 */}
       <Card className="bg-gray-50">
         <h2 className="text-sm font-medium mb-2">价值计算说明</h2>
@@ -290,10 +345,6 @@ export default function AnnualValueReport() {
             <span className="w-1.5 h-1.5 rounded-full bg-amber-500 mt-1 flex-shrink-0" />
             <span><b>总价值</b>：规避损失 + 节约成本</span>
           </div>
-          <div className="flex items-start gap-1.5">
-            <span className="w-1.5 h-1.5 rounded-full bg-gray-400 mt-1 flex-shrink-0" />
-            <span><b>ROI</b>：总价值 ÷ 系统年费（¥12,000）× 100%，上限 9999%</span>
-          </div>
           <div className="flex items-start gap-1.5">
             <span className="w-1.5 h-1.5 rounded-full bg-gray-300 mt-1 flex-shrink-0" />
             <span><b>法定上限</b>：双倍工资≤11个月（第82条）、经济补偿N≤12个月月薪≤社平3倍（第47条）、违法解除2N≤24个月（第87条）</span>