diff --git a/apps/backend/src/services/cost-center/cost-center-constants.ts b/apps/backend/src/services/cost-center/cost-center-constants.ts
index 2de776df..e687ae92 100644
--- a/apps/backend/src/services/cost-center/cost-center-constants.ts
+++ b/apps/backend/src/services/cost-center/cost-center-constants.ts
@@ -55,7 +55,7 @@ export const COST_MODEL_CODE_BASE: Record<string, string> = {
   other: 'other_cost',
 }
 
-/** 履约方式：唯一真源是 order_items.fulfillment_mode。 */
+/** 履约渠道：唯一真源是 order_items.fulfillment_channel + fulfillment_status。 */
 export type FulfillmentMode = 'work_order' | 'affiliate_dash' | 'legacy_platform' | 'manual'
 
 export const FULFILLMENT_MODES = new Set<string>([
diff --git a/apps/backend/src/services/cost-center/cost-center-overview-service.ts b/apps/backend/src/services/cost-center/cost-center-overview-service.ts
index 004c11c4..bcc78e49 100644
--- a/apps/backend/src/services/cost-center/cost-center-overview-service.ts
+++ b/apps/backend/src/services/cost-center/cost-center-overview-service.ts
@@ -80,7 +80,7 @@ export async function getAdminCostCenterOverview(params: { scope?: string } = {}
             AND (
               $1::text IS NULL
               OR ce.order_item_id IN (
-                SELECT oi.id FROM order_items oi WHERE oi.fulfillment_mode = $1
+                SELECT oi.id FROM order_items oi WHERE COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $1
               )
             )
         ) AS open_exception_count,
@@ -89,7 +89,7 @@ export async function getAdminCostCenterOverview(params: { scope?: string } = {}
           FROM order_items oi
           WHERE oi.canonical_product_id IS NULL
             AND oi.fulfillment_status <> 'archived'
-            AND ($1::text IS NULL OR oi.fulfillment_mode = $1)
+            AND ($1::text IS NULL OR COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $1)
         ) AS unmapped_order_item_count
     `,
     [scope],
@@ -121,7 +121,12 @@ export async function getAdminCostCenterOverview(params: { scope?: string } = {}
   }
 }
 
-const COST_CENTER_SCOPES = new Set(['affiliate_dash', 'work_order', 'manual'])
+const COST_CENTER_SCOPES = new Set([
+  'affiliate_dash',
+  'work_order',
+  'third_party_voucher',
+  'manual',
+])
 
 function normalizeScope(raw: unknown): CostCenterScope | null {
   const value = String(raw ?? '').trim()
diff --git a/apps/backend/src/services/cost-center/cost-center-shared.ts b/apps/backend/src/services/cost-center/cost-center-shared.ts
index d20b0511..5725f1ad 100644
--- a/apps/backend/src/services/cost-center/cost-center-shared.ts
+++ b/apps/backend/src/services/cost-center/cost-center-shared.ts
@@ -2,7 +2,7 @@
  * 成本中心共享层入口。
  *
  * 口径（2026-10-23 重写）：
- *   1. 履约方式只有 order_items.fulfillment_mode 一个真源；
+ *   1. 履约渠道只有 order_items.fulfillment_channel/status 一个真源；
  *   2. 成本项用 cost_model 表达「成本怎么算」，与履约方式正交；
  *   3. 商品来源由 canonical_sku 前缀推导，商品表不再存履约载体；
  *   4. 快照与异常表都不再存履约载体，join order_items 即可拿到。
diff --git a/apps/backend/src/services/cost-center/cost-definition-service.ts b/apps/backend/src/services/cost-center/cost-definition-service.ts
index 1d079a64..0b5c8964 100644
--- a/apps/backend/src/services/cost-center/cost-definition-service.ts
+++ b/apps/backend/src/services/cost-center/cost-definition-service.ts
@@ -567,7 +567,7 @@ export async function listAdminCostExceptions(payload: JsonObject = {}) {
     params.push(since)
     clauses.push(`ce.created_at >= $${params.length}::timestamptz`)
   }
-  // 履约方式筛选：异常表不再存载体，改为 join order_items 读 fulfillment_mode。
+  // 履约渠道筛选：异常表不存渠道，改为 join order_items 读 channel/status。
   // 用 IN 半连接而不是 EXISTS：248k 异常 × 316k 订单项下，EXISTS 会逐行回表，
   // 半连接能一次物化候选集合（实测 2.7s -> 0.4s）。
   const fulfillmentMode = text(payload.fulfillmentMode ?? payload.fulfillment_mode)
@@ -576,7 +576,7 @@ export async function listAdminCostExceptions(payload: JsonObject = {}) {
     params.push(fulfillmentMode)
     clauses.push(
       `ce.order_item_id IN (
-        SELECT oi.id FROM order_items oi WHERE oi.fulfillment_mode = $${params.length}
+        SELECT oi.id FROM order_items oi WHERE COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $${params.length}
       )`,
     )
   }
@@ -591,7 +591,7 @@ export async function listAdminCostExceptions(payload: JsonObject = {}) {
     `
       SELECT
         ce.*,
-        oi.fulfillment_mode
+        COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) AS fulfillment_mode
       FROM cost_exceptions ce
       LEFT JOIN order_items oi ON oi.id = ce.order_item_id
       ${where}
@@ -635,7 +635,7 @@ export async function summarizeAdminCostExceptions(
     params.push(fulfillmentMode)
     clauses.push(
       `ce.order_item_id IN (
-        SELECT oi.id FROM order_items oi WHERE oi.fulfillment_mode = $${params.length}
+        SELECT oi.id FROM order_items oi WHERE COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $${params.length}
       )`,
     )
   }
diff --git a/apps/backend/src/services/cost-center/cost-resolution-service.ts b/apps/backend/src/services/cost-center/cost-resolution-service.ts
index 7f2b7e11..a1cb5798 100644
--- a/apps/backend/src/services/cost-center/cost-resolution-service.ts
+++ b/apps/backend/src/services/cost-center/cost-resolution-service.ts
@@ -250,7 +250,7 @@ export async function createAdminCostSnapshot(payload: JsonObject = {}, _session
             subject_type, subject_id, order_item_id, work_order_id,
             reason, status, detail_json, created_at
           ) VALUES ('order_item', $1, $1, $2, $3, 'open', $4::jsonb, $5)
-          ON CONFLICT (subject_type, subject_id, reason) DO NOTHING
+          ON CONFLICT (scope_key) WHERE status <> 'resolved' DO NOTHING
         `,
         [
           orderItemId,
@@ -315,7 +315,7 @@ async function resolveCostContext(payload: JsonObject): Promise<OrderItemCostCon
           COALESCE(o.paid_at, o.created_at) AS basis_at,
           wo.id AS work_order_id,
           wo.product_rule_id AS work_product_rule_id,
-          oi.fulfillment_mode
+          COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) AS fulfillment_mode
         FROM order_items oi
         JOIN orders o ON o.id = oi.order_id
         LEFT JOIN LATERAL (
@@ -395,7 +395,7 @@ async function resolveCostContext(payload: JsonObject): Promise<OrderItemCostCon
 }
 
 /**
- * 履约方式只读 order_items.fulfillment_mode。
+ * 履约渠道只读 order_items.fulfillment_channel / fulfillment_status。
  * 订单项还没判定时按人工处理，不允许用 provider 或核销码兜底。
  */
 function resolveFulfillmentMode(value: unknown): FulfillmentMode {
diff --git a/apps/backend/src/services/cost-center/product-catalog-service.ts b/apps/backend/src/services/cost-center/product-catalog-service.ts
index d4ee272e..fbdbfefb 100644
--- a/apps/backend/src/services/cost-center/product-catalog-service.ts
+++ b/apps/backend/src/services/cost-center/product-catalog-service.ts
@@ -15,10 +15,7 @@ import { formatShanghaiDate, shiftDate } from '../../utils/finance-date-range.js
 import { nowIso } from '../../utils/time.js'
 import { normalizeMatchText, normalizeSkuSeriesEquivalence } from '../product-match/normalize.js'
 import { resolveSkuNameQuantity } from '../product-match/pricing.js'
-import {
-  setAdminAffiliateProductPrice,
-  syncAdminAffiliateDashCostSnapshots,
-} from './affiliate-product-service.js'
+import { setAdminAffiliateProductPrice } from './affiliate-product-service.js'
 import { syncAdminWorkProductRulePrice } from '../worker-platform/admin-worker-catalog-service.js'
 import {
   AFFILIATE_TASK_AGG_JOIN,
@@ -60,7 +57,12 @@ import {
 } from './cost-center-shared.js'
 
 /** 商品来源的筛选取值：与 canonical_sku 前缀一一对应。 */
-const PRODUCT_SOURCE_FILTERS = new Set(['affiliate_dash', 'work_order', 'manual'])
+const PRODUCT_SOURCE_FILTERS = new Set([
+  'affiliate_dash',
+  'work_order',
+  'third_party_voucher',
+  'manual',
+])
 
 /**
  * 校验新建商品的 SKU 前缀。
@@ -625,13 +627,13 @@ export async function getAdminChannelMappingDiagnostics(payload: JsonObject = {}
             ce.detail_json->>'provider' AS provider,
             ce.detail_json->>'shopId' AS shop_id,
             COALESCE(ce.detail_json->>'skuCode', '') AS sku_code,
-            oi.fulfillment_mode AS fulfillment_mode,
+            COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) AS fulfillment_mode,
             COUNT(*)::int AS item_count
           FROM cost_exceptions ce
           JOIN order_items oi ON oi.id = ce.order_item_id
           WHERE ce.reason = 'product_mapping_missing'
             AND ce.status = 'open'
-            AND oi.fulfillment_mode = $1
+            AND COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $1
           GROUP BY 1, 2, 3, 4
         )
         SELECT
@@ -716,7 +718,7 @@ export async function listAdminUnmappedMappingGroups(payload: JsonObject = {}) {
           FROM cost_exceptions ce
           JOIN order_items oi ON oi.id = ce.order_item_id
           WHERE ${clauses.join(' AND ')}
-            AND oi.fulfillment_mode = $${totalParams.length}
+            AND COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $${totalParams.length}
           GROUP BY 1, 2, 3
         )
         SELECT
@@ -744,7 +746,9 @@ export async function listAdminUnmappedMappingGroups(payload: JsonObject = {}) {
   const pageIndex = params.length + (modeIndex ? 2 : 1)
   const offsetIndex = pageIndex + 1
   const listParams = [...params, ...(fulfillmentMode ? [fulfillmentMode] : []), pageSize, offset]
-  const modeClause = modeIndex ? `AND oi.fulfillment_mode = $${modeIndex}` : ''
+  const modeClause = modeIndex
+    ? `AND COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) = $${modeIndex}`
+    : ''
   const result = await query<{
     provider: string
     shop_id: string
@@ -760,7 +764,7 @@ export async function listAdminUnmappedMappingGroups(payload: JsonObject = {}) {
           ce.detail_json->>'provider' AS provider,
           ce.detail_json->>'shopId' AS shop_id,
           COALESCE(ce.detail_json->>'skuCode', '') AS sku_code,
-          oi.fulfillment_mode AS fulfillment_mode,
+          COALESCE(oi.fulfillment_channel, CASE WHEN oi.fulfillment_status = 'archived' THEN 'archived' ELSE 'pending' END) AS fulfillment_mode,
           MAX(ce.detail_json->>'skuName') AS sku_name,
           MAX(NULLIF(ce.detail_json->>'basisAt', '')) AS last_seen_at,
           COUNT(*)::int AS item_count
@@ -1522,10 +1526,12 @@ export async function setAdminProductPrice(
     }
   }
 
-  // 3. 其他标准商品 (wo: 或 man:)
+  // 3. 其他标准商品 (wo: / tpv: / man:)
   const costItemCode = product.canonical_sku.startsWith('wo:')
     ? 'sys_work_order_reward'
-    : 'sys_manual_cost'
+    : product.canonical_sku.startsWith('tpv:')
+      ? 'sys_third_party_voucher_cost'
+      : 'sys_manual_service'
   const costItemResult = await query<{ id: number }>(
     'SELECT id FROM cost_items WHERE code = $1 LIMIT 1',
     [costItemCode],
@@ -1647,13 +1653,12 @@ export async function syncAdminProductPrice(productIdInput: unknown, session: Ad
   }
 
   if (product.canonical_sku.startsWith('aff:')) {
-    const syncRes = await syncAdminAffiliateDashCostSnapshots()
+    // 成本快照由成本快照管道按缺补算，这里不再同步触发。
     return {
       success: true,
-      type: 'affiliate_snapshots_synced',
+      type: 'affiliate_price_saved',
       product,
-      snapshots: syncRes,
-      message: `已重算成本快照（生成 ${syncRes.snapshotResult.createdCount} 笔快照，消除 ${syncRes.snapshotResult.resolvedExceptionCount} 笔异常），并重算销售事实`,
+      message: '价格已保存，成本快照会在下一轮管道运行后自动补齐',
     }
   }
 
diff --git a/apps/backend/src/services/cost-center/product-normalize-service.test.ts b/apps/backend/src/services/cost-center/product-normalize-service.test.ts
index f0714185..0f73d9af 100644
--- a/apps/backend/src/services/cost-center/product-normalize-service.test.ts
+++ b/apps/backend/src/services/cost-center/product-normalize-service.test.ts
@@ -46,6 +46,7 @@ const index = buildMappingIndex(
   mappings,
   [{ sku: 'aff-sku', productId: 21 }],
   [{ ruleKey: 'rule-abc', productId: 31 }],
+  [{ sku: 'voucher-sku', productId: 41 }],
 )
 
 function item(patch: Record<string, unknown> = {}) {
@@ -123,3 +124,13 @@ test('商品归一：人工渠道直接使用配置里指定的商品', () => {
     44,
   )
 })
+
+test('商品归一：第三方卡券按 tpv:SKU 直接命中', () => {
+  assert.equal(
+    resolveProductId(
+      item({ fulfillment_channel: 'third_party_voucher', sku_code: 'voucher-sku' }),
+      index,
+    ),
+    41,
+  )
+})
diff --git a/apps/backend/src/services/cost-center/product-normalize-service.ts b/apps/backend/src/services/cost-center/product-normalize-service.ts
index 31f70148..05159aa6 100644
--- a/apps/backend/src/services/cost-center/product-normalize-service.ts
+++ b/apps/backend/src/services/cost-center/product-normalize-service.ts
@@ -32,6 +32,7 @@ export type MappingIndex = {
   bySkuSeries: Map<string, number>
   byNameSeries: Map<string, number>
   affSkus: Map<string, number>
+  voucherSkus: Map<string, number>
   templateRules: Map<string, number>
 }
 
@@ -56,6 +57,7 @@ export function buildMappingIndex(
   mappings: MappingRow[],
   affiliateProducts: Array<{ sku: string; productId: number }>,
   templateProducts: Array<{ ruleKey: string; productId: number }> = [],
+  voucherProducts: Array<{ sku: string; productId: number }> = [],
 ): MappingIndex {
   const index: MappingIndex = {
     bySku: new Map(),
@@ -63,6 +65,7 @@ export function buildMappingIndex(
     bySkuSeries: new Map(),
     byNameSeries: new Map(),
     affSkus: new Map(),
+    voucherSkus: new Map(),
     templateRules: new Map(),
   }
 
@@ -99,6 +102,10 @@ export function buildMappingIndex(
     index.templateRules.set(String(product.ruleKey).trim(), product.productId)
   }
 
+  for (const product of voucherProducts) {
+    index.voucherSkus.set(String(product.sku).trim(), product.productId)
+  }
+
   return index
 }
 
@@ -126,6 +133,12 @@ export function resolveProductId(item: ItemRow, index: MappingIndex): number | n
     if (aff) return aff
   }
 
+  // 第三方卡券：与自动发货同构，商品编码 tpv:<sku>。
+  if (item.fulfillment_channel === 'third_party_voucher' && skuCode) {
+    const voucher = index.voucherSkus.get(skuCode)
+    if (voucher) return voucher
+  }
+
   const exactWithShop = index.bySku.get(key(provider, shopId, skuCode))
   if (exactWithShop) return exactWithShop
   const exactGlobal = index.bySku.get(key(provider, '', skuCode))
@@ -265,6 +278,14 @@ async function loadMappingIndex(): Promise<MappingIndex> {
     `,
   )
 
+  const voucherProducts = await query<{ canonical_sku: string; id: number }>(
+    `
+      SELECT id, canonical_sku
+      FROM product_catalog
+      WHERE status = 'active' AND canonical_sku LIKE 'tpv:%'
+    `,
+  )
+
   return buildMappingIndex(
     mappings.rows,
     affiliateProducts.rows.map((row) => ({
@@ -275,5 +296,9 @@ async function loadMappingIndex(): Promise<MappingIndex> {
       ruleKey: String(row.canonical_sku).slice(4),
       productId: Number(row.id),
     })),
+    voucherProducts.rows.map((row) => ({
+      sku: String(row.canonical_sku).slice(4),
+      productId: Number(row.id),
+    })),
   )
 }
diff --git a/apps/frontend/src/pages/admin/AdminSalesProfitPage.tsx b/apps/frontend/src/pages/admin/AdminSalesProfitPage.tsx
index d330841e..06c64371 100644
--- a/apps/frontend/src/pages/admin/AdminSalesProfitPage.tsx
+++ b/apps/frontend/src/pages/admin/AdminSalesProfitPage.tsx
@@ -38,15 +38,20 @@ const FULFILLMENT_MODE_OPTIONS = [
   { value: '', label: '全部履约方式' },
   { value: 'work_order', label: '接单平台' },
   { value: 'affiliate_dash', label: '自动发货' },
-  { value: 'legacy_platform', label: '历史平台' },
+  { value: 'third_party_voucher', label: '第三方卡券' },
   { value: 'manual', label: '人工客服' },
+  { value: 'unclassified', label: '未分类' },
+  { value: 'archived', label: '历史归档' },
 ]
 
 const FULFILLMENT_MODE_LABEL: Record<string, string> = {
   work_order: '接单平台',
   affiliate_dash: '自动发货',
-  legacy_platform: '历史平台',
+  third_party_voucher: '第三方卡券',
+  legacy_platform: '历史归档',
   manual: '人工客服',
+  archived: '历史归档',
+  unclassified: '未分类',
 }
 
 const COST_STAGE_LABEL: Record<string, { label: string; color: string }> = {
diff --git a/apps/frontend/src/pages/admin/cost-center/CostCenterContext.ts b/apps/frontend/src/pages/admin/cost-center/CostCenterContext.ts
index 81850d8e..df4e3017 100644
--- a/apps/frontend/src/pages/admin/cost-center/CostCenterContext.ts
+++ b/apps/frontend/src/pages/admin/cost-center/CostCenterContext.ts
@@ -20,7 +20,7 @@ export type CostCenterContextValue = {
   /** 商品/映射按 canonical_sku 前缀筛选。 */
   productSourceFilter?: ProductSource
   /** 成本项/版本/异常按履约方式筛选。 */
-  fulfillmentModeFilter?: 'affiliate_dash' | 'work_order' | 'manual'
+  fulfillmentModeFilter?: 'affiliate_dash' | 'work_order' | 'third_party_voucher' | 'manual'
 
   options?: {
     providers: string[]
diff --git a/apps/frontend/src/pages/admin/cost-center/CostCenterShell.tsx b/apps/frontend/src/pages/admin/cost-center/CostCenterShell.tsx
index 66a855bf..39ce86d5 100644
--- a/apps/frontend/src/pages/admin/cost-center/CostCenterShell.tsx
+++ b/apps/frontend/src/pages/admin/cost-center/CostCenterShell.tsx
@@ -48,6 +48,11 @@ const SCOPES: Array<{ key: CostScope; label: string; hint: string }> = [
     label: '接单平台',
     hint: '需要打手接单履约的商品；成本以打手报酬为主，按接单模板配价。',
   },
+  {
+    key: 'third_party_voucher',
+    label: '第三方卡券',
+    hint: '只统计渠道：不建任务、不发领取页；成本按商品采购价版本核算。',
+  },
   {
     key: 'manual',
     label: '人工客服',
@@ -104,7 +109,9 @@ export default function CostCenterShell() {
   const scopeHint = SCOPES.find((item) => item.key === scope)?.hint ?? ''
   const productSourceFilter = scope === 'all' ? undefined : scope
   const fulfillmentModeFilter =
-    scope === 'all' ? undefined : (scope as 'affiliate_dash' | 'work_order' | 'manual')
+    scope === 'all'
+      ? undefined
+      : (scope as 'affiliate_dash' | 'work_order' | 'third_party_voucher' | 'manual')
   const mappingsApplicable = scope === 'all' || scope === 'work_order'
 
   return (
diff --git a/apps/frontend/src/pages/admin/cost-center/CostConfigPanel.tsx b/apps/frontend/src/pages/admin/cost-center/CostConfigPanel.tsx
index 82bce6e4..1132459e 100644
--- a/apps/frontend/src/pages/admin/cost-center/CostConfigPanel.tsx
+++ b/apps/frontend/src/pages/admin/cost-center/CostConfigPanel.tsx
@@ -4,9 +4,10 @@
  * 三个来源的成本形态完全不同，所以这里不做统一表格，而是按来源切换：
  *   自动发货 → 上游 SKU 采购价（按 aff:<skuCode> 归一）
  *   接单平台 → 接单模板发单金额（只读核对，改价去接单模板页）
+ *   第三方卡券 → 卡券商品采购价（按 tpv:<sku> 归一，只统计）
  *   人工客服 → 内部 SKU 的履约渠道与消耗积分
  *
- * 来源在页面顶部工具栏统一选择；选「全部」时这里给出三个入口，
+ * 来源在页面顶部工具栏统一选择；选「全部」时这里给出四个入口，
  * 避免把三套配置竖着堆在一页里。
  */
 import { Button, Card, Col, Row, Space, Typography } from 'antd'
@@ -14,6 +15,7 @@ import { Button, Card, Col, Row, Space, Typography } from 'antd'
 import { AffiliateSkuPanel } from './AffiliateSkuPanel'
 import { useCostCenter } from './CostCenterContext'
 import { ManualSkuConfigPanel } from './ManualSkuConfigPanel'
+import VoucherSkuPanel from './VoucherSkuPanel'
 import { WorkOrderPricePanel } from './WorkOrderPricePanel'
 import type { CostScope } from './shared'
 
@@ -32,6 +34,11 @@ const CONFIG_ENTRIES: Array<{
     title: '接单平台发单金额',
     description: '接单模板 → 发单金额的当前生效版本，只读核对；改价请改模板后重新同步。',
   },
+  {
+    key: 'third_party_voucher',
+    title: '第三方卡券采购价',
+    description: '按 tpv:<SKU> 配置卡券采购价；该渠道只统计收入与成本，不产生履约动作。',
+  },
   {
     key: 'manual',
     title: '人工客服 SKU 消耗',
@@ -44,6 +51,7 @@ export default function CostConfigPanel() {
 
   if (scope === 'affiliate_dash') return <AffiliateSkuPanel />
   if (scope === 'work_order') return <WorkOrderPricePanel />
+  if (scope === 'third_party_voucher') return <VoucherSkuPanel />
   if (scope === 'manual') return <ManualSkuConfigPanel />
 
   return (
diff --git a/apps/frontend/src/pages/admin/cost-center/CostExceptionPanel.tsx b/apps/frontend/src/pages/admin/cost-center/CostExceptionPanel.tsx
index c3e0f8be..8b66fb50 100644
--- a/apps/frontend/src/pages/admin/cost-center/CostExceptionPanel.tsx
+++ b/apps/frontend/src/pages/admin/cost-center/CostExceptionPanel.tsx
@@ -52,8 +52,11 @@ const FULFILLMENT_MODE_LABELS: Record<string, string> = {
 }
 
 const REASON_LABELS: Record<string, string> = {
+  classification_missing: '待分类',
+  routing_conflict: '渠道规则冲突',
   product_mapping_missing: '商品未归一',
   cost_missing: '成本缺失',
+  manual_config_missing: '人工 SKU 未配置',
   manual_cost_missing: '人工成本未记录',
 }
 
diff --git a/apps/frontend/src/pages/admin/cost-center/VoucherSkuPanel.tsx b/apps/frontend/src/pages/admin/cost-center/VoucherSkuPanel.tsx
new file mode 100644
index 00000000..5450071b
--- /dev/null
+++ b/apps/frontend/src/pages/admin/cost-center/VoucherSkuPanel.tsx
@@ -0,0 +1,142 @@
+/**
+ * 第三方卡券采购价：只统计渠道，不产生履约动作。
+ *
+ * 商品编码固定为 `tpv:<sku>`；成本写入 `sys_third_party_voucher_cost` 的
+ * 商品级版本，由成本快照管道消费。
+ */
+import { ReloadOutlined } from '@ant-design/icons'
+import { Button, Card, Form, Input, InputNumber, Modal, Tag, Typography, message } from 'antd'
+import { useMutation, useQuery, useQueryClient } from '@tanstack/react-query'
+import { useState } from 'react'
+
+import PercentTable from '@/components/common/PercentTable'
+import { fetchAdminProductCatalog, setAdminProductPrice } from '@/services/admin'
+import type { ProductCatalogItem } from '@/types/admin'
+import { useCostCenter } from './CostCenterContext'
+
+const PAGE_SIZE = 100
+
+export default function VoucherSkuPanel() {
+  const queryClient = useQueryClient()
+  const { canConfig, refreshAll } = useCostCenter()
+  const [page] = useState(1)
+  const [selected, setSelected] = useState<ProductCatalogItem | null>(null)
+  const [form] = Form.useForm<{ amountFen: number; changeReason?: string }>()
+
+  const query = useQuery({
+    queryKey: ['cost-center-voucher-products', page],
+    queryFn: () =>
+      fetchAdminProductCatalog({
+        carrierType: 'third_party_voucher',
+        page,
+        pageSize: PAGE_SIZE,
+      }),
+  })
+
+  const saveMutation = useMutation({
+    mutationFn: (values: { amountFen: number; changeReason?: string }) =>
+      setAdminProductPrice(selected!.id, {
+        amountFen: Math.round(values.amountFen * 100),
+        changeReason: values.changeReason || '第三方卡券采购价调整',
+      }),
+    onSuccess: () => {
+      message.success('采购价已保存')
+      setSelected(null)
+      form.resetFields()
+      void queryClient.invalidateQueries({ queryKey: ['cost-center-voucher-products'] })
+      refreshAll()
+    },
+    onError: (error) => message.error(error instanceof Error ? error.message : '保存失败'),
+  })
+
+  const items = query.data?.data.items || []
+  const total = query.data?.data.pagination.total || 0
+
+  const columns = [
+    { title: '商品', dataIndex: 'canonicalName', ellipsis: true },
+    { title: '编码', dataIndex: 'canonicalSku', width: 220 },
+    {
+      title: '采购价',
+      width: 140,
+      render: (_: unknown, row: ProductCatalogItem) =>
+        row.activeCostAmountFen === null || row.activeCostAmountFen === undefined ? (
+          <Tag color="orange">未配价</Tag>
+        ) : (
+          `￥${(row.activeCostAmountFen / 100).toFixed(2)}`
+        ),
+    },
+    {
+      title: '生效时间',
+      dataIndex: 'activeCostEffectiveFrom',
+      width: 180,
+      render: (value?: string | null) => value || '—',
+    },
+    {
+      title: '操作',
+      width: 110,
+      render: (_: unknown, row: ProductCatalogItem) => (
+        <Button
+          size="small"
+          disabled={!canConfig}
+          onClick={() => {
+            setSelected(row)
+            form.setFieldsValue({
+              amountFen:
+                row.activeCostAmountFen === null || row.activeCostAmountFen === undefined
+                  ? 0
+                  : Number((row.activeCostAmountFen / 100).toFixed(2)),
+              changeReason: '第三方卡券采购价调整',
+            })
+          }}
+        >
+          改价
+        </Button>
+      ),
+    },
+  ]
+
+  return (
+    <Card
+      title={`卡券商品采购价（${total}）`}
+      extra={
+        <Button icon={<ReloadOutlined />} onClick={() => void query.refetch()}>
+          刷新
+        </Button>
+      }
+    >
+      <Typography.Paragraph type="secondary">
+        卡券渠道只统计：命中规则后不创建任务、不发领取页，只记收入与采购成本。 商品编码以{' '}
+        <Typography.Text code>tpv:</Typography.Text> 开头。
+      </Typography.Paragraph>
+      <PercentTable
+        rowKey="id"
+        size="small"
+        loading={query.isFetching}
+        dataSource={items}
+        columns={columns}
+        pagination={{ pageSize: 20, showSizeChanger: false }}
+      />
+
+      <Modal
+        title={`设置采购价：${selected?.canonicalName || ''}`}
+        open={Boolean(selected)}
+        onCancel={() => setSelected(null)}
+        onOk={() => form.submit()}
+        confirmLoading={saveMutation.isPending}
+      >
+        <Form form={form} layout="vertical" onFinish={(values) => saveMutation.mutate(values)}>
+          <Form.Item
+            name="amountFen"
+            label="采购价（元）"
+            rules={[{ required: true, message: '请输入采购价' }]}
+          >
+            <InputNumber min={0.01} precision={2} style={{ width: '100%' }} />
+          </Form.Item>
+          <Form.Item name="changeReason" label="变更原因">
+            <Input />
+          </Form.Item>
+        </Form>
+      </Modal>
+    </Card>
+  )
+}
diff --git a/apps/frontend/src/pages/admin/cost-center/shared.ts b/apps/frontend/src/pages/admin/cost-center/shared.ts
index a0ee25da..2d873990 100644
--- a/apps/frontend/src/pages/admin/cost-center/shared.ts
+++ b/apps/frontend/src/pages/admin/cost-center/shared.ts
@@ -16,8 +16,8 @@ import type {
   ProductSource,
 } from '@/types/admin'
 
-/** 顶部来源切换：全部 / 自动发货 / 接单平台 / 人工。 */
-export type CostScope = 'all' | 'affiliate_dash' | 'work_order' | 'manual'
+/** 顶部来源切换：全部 / 自动发货 / 接单平台 / 第三方卡券 / 人工。 */
+export type CostScope = 'all' | 'affiliate_dash' | 'work_order' | 'third_party_voucher' | 'manual'
 
 export type CostItemPreset = {
   key: string
@@ -89,12 +89,14 @@ export const COST_MODEL_OPTIONS = [
 export const PRODUCT_SOURCE_OPTIONS = [
   { value: 'affiliate_dash', label: '自动发货' },
   { value: 'work_order', label: '接单平台' },
+  { value: 'third_party_voucher', label: '第三方卡券' },
   { value: 'manual', label: '人工客服' },
 ]
 
 export const PRODUCT_SOURCE_TAG_COLORS: Record<ProductSource, string> = {
   affiliate_dash: 'green',
   work_order: 'blue',
+  third_party_voucher: 'cyan',
   manual: 'orange',
   '': 'default',
 }
@@ -125,15 +127,21 @@ export type MappingPrefill = {
 export const FULFILLMENT_MODE_LABELS: Record<string, string> = {
   work_order: '接单平台',
   affiliate_dash: '自动发货',
-  legacy_platform: '历史平台',
+  third_party_voucher: '第三方卡券',
+  legacy_platform: '历史归档',
   manual: '人工客服',
+  archived: '历史归档',
+  unclassified: '未分类',
 }
 
 export const FULFILLMENT_MODE_COLORS: Record<string, string> = {
   work_order: 'blue',
   affiliate_dash: 'green',
+  third_party_voucher: 'cyan',
   legacy_platform: 'default',
   manual: 'orange',
+  archived: 'default',
+  unclassified: 'gold',
 }
 
 export const PROVIDER_LABELS: Record<string, string> = {
diff --git a/apps/frontend/src/types/admin/cost-center.ts b/apps/frontend/src/types/admin/cost-center.ts
index be991a04..f44ddda8 100644
--- a/apps/frontend/src/types/admin/cost-center.ts
+++ b/apps/frontend/src/types/admin/cost-center.ts
@@ -1,11 +1,16 @@
 /**
- * 履约方式：唯一真源是 order_items.fulfillment_mode。
- * 核销码不参与履约判定。
+ * 履约渠道：v2 唯一真源是 order_items.fulfillment_channel；
+ * legacy_platform 仅历史数据兜底显示。
  */
-export type FulfillmentMode = 'work_order' | 'affiliate_dash' | 'legacy_platform' | 'manual'
+export type FulfillmentMode =
+  | 'work_order'
+  | 'affiliate_dash'
+  | 'third_party_voucher'
+  | 'legacy_platform'
+  | 'manual'
 
 /** 商品来源：由 canonical_sku 前缀推导，空串表示未分类。 */
-export type ProductSource = 'affiliate_dash' | 'work_order' | 'manual' | ''
+export type ProductSource = 'affiliate_dash' | 'work_order' | 'third_party_voucher' | 'manual' | ''
 
 /**
  * 成本模型：只表达「这笔成本怎么算」，与履约方式正交。