diff --git a/inventory-web/src/views/transaction/records.vue b/inventory-web/src/views/transaction/records.vue
index d42a4b8..b5a361c 100644
--- a/inventory-web/src/views/transaction/records.vue
+++ b/inventory-web/src/views/transaction/records.vue
@@ -463,11 +463,14 @@
               :key="i"
               :timestamp="e.time"
               placement="top"
-              :type="eventMeta(e.type).type"
+              :type="eventNodeType(e)"
               :hollow="e.type === 'borrow'"
           >
             <div style="display:flex; align-items:center; gap:8px; margin-bottom:4px;">
-              <el-tag :type="eventMeta(e.type).type" size="small">{{ eventMeta(e.type).label }}</el-tag>
+              <!-- ★ 被拒收的转交换红色文案：原先和正常转交一样是黄色「转交」，
+                   一眼看不出资产交接失败 -->
+              <el-tag v-if="isRejectedTransfer(e)" type="danger" size="small">转交被拒</el-tag>
+              <el-tag v-else :type="eventMeta(e.type).type" size="small">{{ eventMeta(e.type).label }}</el-tag>
               <span style="font-size: 13px; color:#606266;">{{ e.material_name || e.sku }}</span>
               <span style="font-size: 13px; color:#909399;">× {{ e.quantity }}</span>
             </div>
@@ -478,15 +481,14 @@
               </template>
               <template v-else-if="e.type === 'transfer'">
                 <b>{{ e.from_name || '—' }}</b> → <b>{{ e.actor_name || '—' }}</b>
-                <!-- ★ 状态标签：被拒绝的转交若不标出来，与成功的长得一模一样，
-                     发起方翻记录时会误以为已经交接出去 -->
+                <!-- 待接收（PENDING）仍用黄色提示；已接收不再重复打标 -->
                 <el-tag
-                    v-if="e.status && e.status !== 'ACCEPTED'"
-                    :type="e.status === 'REJECTED' ? 'danger' : 'warning'"
-                    size="small"
-                    style="margin-left:6px"
-                >{{ e.status_text || e.status }}</el-tag>
-                <span v-if="e.operator_name" style="color:#909399;"> · 经手库管：{{ e.operator_name }}</span>
+                    v-if="e.status === 'PENDING'"
+                    type="warning" size="small" style="margin-left:6px"
+                >{{ e.status_text || '待接收' }}</el-tag>
+                <!-- ★ operator_name 存的就是发起人本人（转交已收紧为「仅当前持有人
+                     本人可发起」），原先误标为「经手库管」 -->
+                <span v-if="e.operator_name" style="color:#909399;"> · 发起人：{{ e.operator_name }}</span>
               </template>
               <template v-else-if="e.type === 'return'">
                 归还人：<b>{{ e.actor_name || '—' }}</b>
@@ -496,8 +498,16 @@
                 报废 · 经手库管：<b>{{ e.operator_name || '—' }}</b>
               </template>
             </div>
+            <!-- ★ 备注与拒收原因分行展示：原先后端把原因拼进备注
+                 （"3333\n[拒绝原因] 5555"），两句挤在一起无法分辨 -->
             <div v-if="e.remark" style="font-size: 12px; color:#909399; margin-top:2px;">
-              备注：{{ e.remark }}
+              转交备注：{{ e.remark }}
+            </div>
+            <div
+                v-if="e.reject_reason"
+                style="font-size: 12px; color: #F56C6C; margin-top: 2px;"
+            >
+              <strong>拒收原因：</strong>{{ e.reject_reason }}
             </div>
           </el-timeline-item>
         </el-timeline>
@@ -1073,6 +1083,18 @@ const EVENT_META: Record<string, { label: string; type: any }> = {
 }
 const eventMeta = (t: string) => EVENT_META[t] || { label: t, type: 'info' }
 
+// 被拒收的转交 —— 时间线上要按「异常」呈现，不能和正常转交一个模样
+const isRejectedTransfer = (e: any): boolean =>
+  e.type === 'transfer' && e.status === 'REJECTED'
+
+// 时间线圆点颜色：被拒收的转交用红色（danger），其余沿用动作类型配色。
+// 待接收（PENDING）保持黄色 warning —— 它是「进行中」不是「失败」。
+const eventNodeType = (e: any): any => {
+  if (isRejectedTransfer(e)) return 'danger'
+  if (e.type === 'transfer' && e.status === 'PENDING') return 'warning'
+  return eventMeta(e.type).type
+}
+
 const openHistoryDrawer = async (row: any) => {
   historyBorrowNo.value = row.borrow_no
   historyEvents.value = []