diff --git a/src/easy_tdx/mac/client.py b/src/easy_tdx/mac/client.py
index bd78554..9ad1a7e 100644
--- a/src/easy_tdx/mac/client.py
+++ b/src/easy_tdx/mac/client.py
@@ -388,7 +388,7 @@ class MacClient:
             )
             if not batch:
                 break
-            all_quotes = batch + all_quotes
+            all_quotes = all_quotes + batch
             fetched += len(batch)
             offset += len(batch)
             if len(batch) < page_size:
@@ -799,7 +799,7 @@ class MacClient:
             )
             if not batch:
                 break
-            all_quotes = batch + all_quotes
+            all_quotes = all_quotes + batch
             fetched += len(batch)
             offset += len(batch)
             if len(batch) < page_size:
@@ -1448,7 +1448,7 @@ class AsyncMacClient(AsyncHeartbeatMixin):
             )
             if not batch:
                 break
-            all_quotes = batch + all_quotes
+            all_quotes = all_quotes + batch
             fetched += len(batch)
             offset += len(batch)
             if len(batch) < page_size:
@@ -1787,7 +1787,7 @@ class AsyncMacClient(AsyncHeartbeatMixin):
             )
             if not batch:
                 break
-            all_quotes = batch + all_quotes
+            all_quotes = all_quotes + batch
             fetched += len(batch)
             offset += len(batch)
             if len(batch) < page_size:
diff --git a/tests/unit/test_board_members_pagination.py b/tests/unit/test_board_members_pagination.py
new file mode 100644
index 0000000..e7cfe39
--- /dev/null
+++ b/tests/unit/test_board_members_pagination.py
@@ -0,0 +1,103 @@
+"""成分股/排行报价分页合并顺序回归测试。
+
+真实 bug（v1.32.x）：BoardMembersQuotesCmd 分页合并曾用 ``batch + all_quotes``
+前插，而协议 ``start=0`` 返回排序后**最前**的一页——多页时整表被按页倒序拼接：
+成分股超过单页 80 只的板块（如半导体 SH881319），弹窗涨跌幅榜从第 81 名开头，
+前 80 名被压到后面，肉眼即"乱序"。
+
+本测试钉死：多页合并必须按请求顺序追加，且 start 偏移正确推进。
+"""
+
+from unittest.mock import patch
+
+import pytest
+
+from easy_tdx.mac.client import AsyncMacClient, MacClient
+from easy_tdx.mac.enums import SortOrder, SortType
+from easy_tdx.mac.models import MacQuoteField
+
+_TOTAL = 100  # 超过单页 80，触发两页
+
+
+def _make_rows(start: int, n: int) -> list[MacQuoteField]:
+    """模拟服务器：按涨跌幅降序返回第 start..start+n 名。"""
+
+    def code(i: int) -> str:
+        return f"{600000 + i:06d}"
+
+    return [
+        MacQuoteField(
+            market=1,
+            code=code(i),
+            name=f"股{i}",
+            fields={"change_pct": 10.0 - i * 0.2},
+        )
+        for i in range(start, start + n)
+    ]
+
+
+def _fake_execute_factory(seen: list):
+    def fake_execute(cmd):
+        seen.append(cmd)
+        # 真实服务器按剩余行数返回（末页不足 page_size），模拟之
+        n = min(cmd._page_size, _TOTAL - cmd._start)
+        return _make_rows(cmd._start, n)
+
+    return fake_execute
+
+
+def test_board_members_pages_appended_in_order():
+    """get_board_members 多页合并按页序追加：第 0 行=第 1 名，第 80 行=第 81 名。"""
+    client = MacClient.__new__(MacClient)
+    seen: list = []
+
+    with patch.object(client, "_execute", side_effect=_fake_execute_factory(seen)):
+        df = client.get_board_members(
+            "881319",
+            count=_TOTAL,
+            sort_type=SortType.CHANGE_PCT,
+            sort_order=SortOrder.DESC,
+        )
+
+    assert len(df) == _TOTAL
+    assert df["code"].tolist() == [f"{600000 + i:06d}" for i in range(_TOTAL)]
+    # 两页：start 0（80 行）→ start 80（20 行）
+    assert [c._start for c in seen] == [0, 80]
+
+
+@pytest.mark.asyncio
+async def test_board_members_async_pages_appended_in_order():
+    client = AsyncMacClient.__new__(AsyncMacClient)
+    seen: list = []
+
+    async def fake_execute(cmd):
+        seen.append(cmd)
+        return _make_rows(cmd._start, cmd._page_size)
+
+    with patch.object(client, "_execute", side_effect=fake_execute):
+        df = await client.get_board_members(
+            "881319",
+            count=_TOTAL,
+            sort_type=SortType.CHANGE_PCT,
+            sort_order=SortOrder.DESC,
+        )
+
+    assert df["code"].tolist() == [f"{600000 + i:06d}" for i in range(_TOTAL)]
+    assert [c._start for c in seen] == [0, 80]
+
+
+def test_quotes_list_pages_appended_in_order():
+    """get_stock_quotes_list（看板涨跌榜数据源）同样按页序追加。"""
+    client = MacClient.__new__(MacClient)
+    seen: list = []
+
+    with patch.object(client, "_execute", side_effect=_fake_execute_factory(seen)):
+        df = client.get_stock_quotes_list(
+            category=1,  # Category.A
+            count=_TOTAL,
+            sort_type=SortType.CHANGE_PCT,
+            sort_order=SortOrder.DESC,
+        )
+
+    assert df["code"].tolist() == [f"{600000 + i:06d}" for i in range(_TOTAL)]
+    assert [c._start for c in seen] == [0, 80]