Chain of thought prompting improves complex reasoning, but its long intermediate traces create substantial inference cost and hinder practical deployment in financial settings. We present a Hierarchical Semantic Distillation Network, HSDN, for compressing reasoning chains while preserving answer accuracy and logical coherence. The framework combines semantic segmentation, dependency graph construction, dual encoder importance scoring, constrained segment selection, and local boundary rewriting. A frozen Qwen3 4B model is used only for feature extraction and final answer generation, while the compression process remains structured and interpretable. On the AFAC2025 benchmark, HSDN achieves 91.0% accuracy with 68.4% compression, outperforming strong compression baselines in overall score and reasoning coherence. The results show that graph guided compression is effective for high stakes financial reasoning tasks.
The popularity of neural audio codecs as speech tokenizers has surged with the advent of Multimodal Large Language Models. New codec architectures with semantic and acoustic disentanglement have emerged. There are two main approaches to introduce semantic information into codec models: one distills semantic information from SSL representations into the first RVQ layer, while the other maintains separate streams for semantic and acoustic features. We propose HybridCodec, a unified architecture that combines both paradigms. It employs separate semantic and acoustic branches while distilling SSL representations into the semantic stream. This design ensures strong disentanglement without requiring an SSL model during inference. HybridCodec shows superior semantic specialization (RVQ-1) on in-domain test set and competitive reconstruction (RVQ-all). We demonstrate its robustness in out-of-domain and zero-shot cross-lingual settings, achieving a 3x speedup over existing dual-stream models.