diff --git a/config/factor_registry.yaml b/config/factor_registry.yaml
index f305fe1a..6624fc3b 100644
--- a/config/factor_registry.yaml
+++ b/config/factor_registry.yaml
@@ -93,3 +93,29 @@ factors:
     versions: []
     cause: IC 两窗反号+12 因子共线 0.961(盈利质量影子,09-22 终判)
     evidence_run: IC两窗终判 2026-09-22
+  composite_quant12:
+    name: composite_quant12
+    hypothesis: 合成层等权基线(2026-08-31 族分析 12 源固化,v2a 考场对照;#70①)
+    status: assessable
+    versions:
+    - v: 1
+      commit: 3954a68
+      params:
+        source: bars_daily
+        form: equal_weight_12src
+      effective_from: '2026-10-03'
+      effective_to: null
+  composite_quant12_v2a:
+    name: composite_quant12_v2a
+    hypothesis: v1 等权考场晋级 2026-09-11(ICIR 加权;#70①;szneul 变体归 #69 影子 A/B 不入册)
+    status: promoted
+    versions:
+    - v: 1
+      commit: daaf492
+      params:
+        source: bars_daily
+        weights_profile: quant12_icirfit_v1
+      effective_from: '2026-10-03'
+      effective_to: null
+    promoted_at: '2026-09-11'
+    promotion_t: 26.32
diff --git a/tests/factor/test_monthly_batch.py b/tests/factor/test_monthly_batch.py
index 363b43ad..c8036992 100644
--- a/tests/factor/test_monthly_batch.py
+++ b/tests/factor/test_monthly_batch.py
@@ -161,3 +161,19 @@ def test_main_exports_values_and_writes_ic_gate(tmp_path, monkeypatch):
                       ).read_text())
     assert rep["checked"] == 1 and rep["flagged"][0]["factor"] == "llm_x"
     assert rep["flagged"][0]["vs"] == "fund_gross_margin"
+
+
+# —— #70① 合成层入册:真注册表加载后两名进月度批(内存命中,非 yaml-miss) ——
+def test_real_config_composites_enter_plan():
+    import sanguo_factor  # noqa: F401 导入即注册(含合成层全链)
+    from sanguo_factor.monthly_batch import plan_batch, resolve_with_yaml
+    from sanguo_factor.version_registry import load_registry
+
+    reg_path = os.path.join(
+        os.path.dirname(os.path.dirname(os.path.abspath(sanguo_factor.__file__))),
+        "config", "factor_registry.yaml")
+    reg = load_registry(reg_path)
+    plan = plan_batch(reg, "2026-10-04", resolver=resolve_with_yaml(reg))
+    assert "composite_quant12" in plan["factor_names"]        # 等权基线
+    assert "composite_quant12_v2a" in plan["factor_names"]    # 生产冠军
+    assert "composite_quant12" not in plan["skipped_unregistered"]
diff --git a/tests/factor/test_monthly_review.py b/tests/factor/test_monthly_review.py
index bacf44bf..b44874fc 100644
--- a/tests/factor/test_monthly_review.py
+++ b/tests/factor/test_monthly_review.py
@@ -191,3 +191,22 @@ def test_pre_gate_sample_short_is_not_correlation(eval_db, registry_yaml):
                        as_of="2026-09-30", host="nas")
     pg = rep["pre_gate"]["fa_gross_margin"]
     assert pg["max_corr"] is None and "样本不足" in pg["corr_note"]
+
+
+# —— #70① v2a=promoted 走衰减判定路径;v1=assessable 走观察路径 ——
+def test_real_config_composite_verdict_paths():
+    import sanguo_factor  # noqa: F401
+    from sanguo_factor.monthly_review import build_report
+    from sanguo_factor.version_registry import load_registry
+
+    reg_path = os.path.join(
+        os.path.dirname(os.path.dirname(os.path.abspath(sanguo_factor.__file__))),
+        "config", "factor_registry.yaml")
+    reg = load_registry(reg_path)
+    pts = {"composite_quant12_v2a": {"t": 20.0, "ic_mean": 0.05, "count": 200},
+           "composite_quant12": {"t": 19.0, "ic_mean": 0.05, "count": 200}}
+    rep = build_report(reg, pts, {}, as_of="2026-10-31", host="t")
+    v = rep["verdicts"]["composite_quant12_v2a"]
+    assert v["promotion_t"] == 26.32 and v["state"] == "ok"
+    assert "composite_quant12" in rep["observations"]       # assessable=观察
+    assert "composite_quant12_v2a" not in rep["observations"]