diff --git a/par-core/src/main/java/com/par/core/storage/QiniuStorageService.java b/par-core/src/main/java/com/par/core/storage/QiniuStorageService.java
index ebde71f..084a0f5 100644
--- a/par-core/src/main/java/com/par/core/storage/QiniuStorageService.java
+++ b/par-core/src/main/java/com/par/core/storage/QiniuStorageService.java
@@ -70,15 +70,27 @@ public class QiniuStorageService implements StorageService {
     @Override
     public String read(String path) {
         ensureInit();
+        // 先走 CDN，404 则回退源站直读
+        String content = readFromUrl(cdnDomain + "/" + path, path);
+        if (content != null) return content;
+        // CDN 缓存未命中，走 Qiniu 源站
+        String sourceUrl = "https://" + bucket + ".qiniucdn.com/" + path;
+        String privateUrl = auth.privateDownloadUrl(sourceUrl, 3600);
+        content = readFromUrl(privateUrl, path);
+        if (content != null) return content;
+        log.warn("Qiniu 读取失败 {}: CDN+源站均不可用", path);
+        return null;
+    }
+
+    private String readFromUrl(String url, String path) {
         try {
-            String url = cdnDomain + "/" + path;
             var req = HttpRequest.newBuilder().uri(URI.create(url))
                     .timeout(Duration.ofSeconds(10)).GET().build();
             var resp = httpClient.send(req, HttpResponse.BodyHandlers.ofString());
             if (resp.statusCode() == 200) return resp.body();
-            log.warn("Qiniu 读取失败 {}: HTTP {}", path, resp.statusCode());
+            log.debug("Qiniu CDN miss {}: HTTP {}", path, resp.statusCode());
         } catch (Exception e) {
-            log.warn("Qiniu 读取失败 {}: {}", path, e.getMessage());
+            log.debug("Qiniu 读取异常 {}: {}", path, e.getMessage());
         }
         return null;
     }