diff --git a/app/Support/StudyTourDeclarationExporter.php b/app/Support/StudyTourDeclarationExporter.php
index 462992e..3bf427f 100644
--- a/app/Support/StudyTourDeclarationExporter.php
+++ b/app/Support/StudyTourDeclarationExporter.php
@@ -264,6 +264,11 @@ class StudyTourDeclarationExporter
         $full = storage_path('app/public/'.$rel);
         $real = realpath($full);
         $root = realpath(storage_path('app/public'));
+        if ($real === false || $root === false || ! is_file($real)) {
+            $full = public_path('storage/'.$rel);
+            $real = realpath($full);
+            $root = realpath(public_path('storage'));
+        }
         if ($real === false || $root === false || ! is_file($real)) {
             return null;
         }
@@ -393,7 +398,7 @@ class StudyTourDeclarationExporter
             return;
         }
 
-        $size = self::coverImageSize($path);
+        $size = self::fitImageSize($path, 360, 240);
         try {
             $section->addImage($path, [
                 'width' => $size['width'],
@@ -409,15 +414,13 @@ class StudyTourDeclarationExporter
     /**
      * @return array{width: int, height: int}
      */
-    private static function coverImageSize(string $path): array
+    private static function fitImageSize(string $path, int $maxW, int $maxH): array
     {
-        $maxW = 360;
-        $maxH = 240;
         $info = @getimagesize($path);
         $w = is_array($info) ? (int) ($info[0] ?? 0) : 0;
         $h = is_array($info) ? (int) ($info[1] ?? 0) : 0;
         if ($w <= 0 || $h <= 0) {
-            return ['width' => $maxW, 'height' => 180];
+            return ['width' => $maxW, 'height' => (int) max(1, round($maxH * 0.75))];
         }
         $scale = min($maxW / $w, $maxH / $h, 1);
 
@@ -429,18 +432,77 @@ class StudyTourDeclarationExporter
 
     private static function addHtmlAsParagraphs($section, string $html): void
     {
-        $text = self::htmlToPlainText($html);
-        if ($text === '') {
+        $html = trim($html);
+        $hasImage = (bool) preg_match('/<img\b/iu', $html);
+        if ($html === '' || (! $hasImage && self::htmlToPlainText($html) === '')) {
             $section->addText('（暂无）', ['color' => '86909C'], ['spaceAfter' => 160]);
 
             return;
         }
-        foreach (preg_split('/\R/u', $text) ?: [] as $line) {
-            $line = trim($line);
-            if ($line === '') {
+
+        $parts = preg_split('/(<img\b[^>]*>)/iu', $html, -1, PREG_SPLIT_DELIM_CAPTURE) ?: [$html];
+        $wrote = false;
+        foreach ($parts as $part) {
+            $part = trim((string) $part);
+            if ($part === '') {
+                continue;
+            }
+            if (preg_match('/^<img\b/iu', $part)) {
+                self::addInlineImage($section, self::imgSrcFromTag($part), 480, 400);
+                $wrote = true;
+                continue;
+            }
+            $text = self::htmlToPlainText($part);
+            if ($text === '') {
                 continue;
             }
-            $section->addText($line, [], ['spaceAfter' => 80]);
+            foreach (preg_split('/\R/u', $text) ?: [] as $line) {
+                $line = trim($line);
+                if ($line === '') {
+                    continue;
+                }
+                $section->addText($line, [], ['spaceAfter' => 80]);
+                $wrote = true;
+            }
+        }
+
+        if (! $wrote) {
+            $section->addText('（暂无）', ['color' => '86909C'], ['spaceAfter' => 160]);
+        }
+    }
+
+    private static function imgSrcFromTag(string $imgTag): ?string
+    {
+        if (! preg_match('/\bsrc\s*=\s*(?:(["\'])(.*?)\1|([^\s>]+))/iu', $imgTag, $matches)) {
+            return null;
+        }
+        $quoted = trim((string) ($matches[2] ?? ''));
+        $bare = trim((string) ($matches[3] ?? ''));
+        $src = html_entity_decode($quoted !== '' ? $quoted : $bare, ENT_QUOTES | ENT_HTML5, 'UTF-8');
+        $src = trim($src);
+
+        return $src === '' ? null : $src;
+    }
+
+    private static function addInlineImage($section, ?string $src, int $maxW, int $maxH): void
+    {
+        $path = self::resolvePublicImagePath($src);
+        if ($path === null) {
+            $section->addText('（图片无法嵌入文档）', ['color' => '86909C'], ['spaceAfter' => 80]);
+
+            return;
+        }
+
+        $size = self::fitImageSize($path, $maxW, $maxH);
+        try {
+            $section->addImage($path, [
+                'width' => $size['width'],
+                'height' => $size['height'],
+                'wrappingStyle' => 'inline',
+            ]);
+            $section->addTextBreak(1);
+        } catch (\Throwable) {
+            $section->addText('（图片无法嵌入文档）', ['color' => '86909C'], ['spaceAfter' => 80]);
         }
     }
 
diff --git a/tests/Unit/StudyTourDeclarationExporterTest.php b/tests/Unit/StudyTourDeclarationExporterTest.php
index e686fb2..f287cfc 100644
--- a/tests/Unit/StudyTourDeclarationExporterTest.php
+++ b/tests/Unit/StudyTourDeclarationExporterTest.php
@@ -33,6 +33,12 @@ class StudyTourDeclarationExporterTest extends TestCase
         file_put_contents($png, base64_decode(
             'iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mP8z8BQDwAEhQGAhKmMIQAAAABJRU5ErkJggg=='
         ));
+        $uploadDir = storage_path('app/public/uploads');
+        if (! is_dir($uploadDir)) {
+            mkdir($uploadDir, 0777, true);
+        }
+        $implPng = $uploadDir.'/st-impl-test.png';
+        copy($png, $implPng);
 
         $path = StudyTourDeclarationExporter::writeDocxFile([
             'name' => '太湖蚕桑研学',
@@ -60,7 +66,7 @@ class StudyTourDeclarationExporterTest extends TestCase
                 'content' => '了解传统缫丝工艺',
             ]],
             'fee_html' => '<p>680元/人</p>',
-            'implementation_html' => '<p>2026年7月1日第1场</p>',
+            'implementation_html' => '<p>2026年7月1日第1场</p><p><img src="/storage/uploads/st-impl-test.png"></p>',
             'season_options' => [
                 ['value' => 'spring', 'label' => '春季'],
                 ['value' => 'summer', 'label' => '夏季'],
@@ -105,15 +111,17 @@ class StudyTourDeclarationExporterTest extends TestCase
             '缫丝体验',
             '680元/人',
             '封面图',
+            '2026年7月1日第1场',
         ] as $needle) {
             $this->assertStringContainsString($needle, $xml, "missing {$needle}");
         }
-        $this->assertGreaterThan(0, $mediaCount, 'cover image should be embedded');
+        $this->assertGreaterThanOrEqual(2, $mediaCount, 'cover and implementation images should be embedded');
 
         $phpWord = IOFactory::load($path);
         $this->assertNotEmpty($phpWord->getSections());
 
         @unlink($path);
         @unlink($png);
+        @unlink($implPng);
     }
 }