We introduce FinMMDocR, a novel bilingual multimodal benchmark for evaluating multimodal large language models (MLLMs) on real-world financial numerical reasoning. Compared to existing benchmarks, our work delivers three major advancements. (1) Scenario Awareness: 57.9% of 1,200 expert-annotated problems incorporate 12 types of implicit financial scenarios (e.g., Portfolio Management), challenging models to perform expert-level reasoning based on assumptions; (2) Document Understanding: 837 Chinese/English documents spanning 9 types (e.g., Company Research) average 50.8 pages with rich visual elements, significantly surpassing existing benchmarks in both breadth and depth of financial documents; (3) Multi-Step Computation: Problems demand 11-step reasoning on average (5.3 extraction + 5.7 calculation steps), with 65.0% requiring cross-page evidence (2.4 pages average). The best-performing MLLM achieves only 58.0% accuracy, and different retrieval-augmented generation (RAG) methods show significant performance variations on this task. We expect FinMMDocR to drive improvements in MLLMs and reasoning-enhanced methods on complex multimodal reasoning tasks in real-world scenarios.

Although precise recall is a core objective in Retrieval-Augmented Generation (RAG), a critical oversight persists in the field: improvements in retrieval performance do not consistently translate to commensurate gains in downstream reasoning. To diagnose this gap, we propose the Recall Conversion Rate (RCR), a novel evaluation metric to quantify the contribution of retrieval to reasoning accuracy. Our quantitative analysis of mainstream RAG methods reveals that as Recall@5 improves, the RCR exhibits a near-linear decay. We identify the neglect of retrieval quality in these methods as the underlying cause. In contrast, approaches that focus solely on quality optimization often suffer from inferior recall performance. Both categories lack a comprehensive understanding of retrieval quality optimization, resulting in a trade-off dilemma. To address these challenges, we propose comprehensive retrieval quality optimization criteria and introduce the NeocorRAG framework. This framework achieves holistic retrieval quality optimization by systematically mining and utilizing Evidence Chains. Specifically, NeocorRAG first employs an innovative activated search algorithm to obtain a refined candidate space. Then it ensures precise evidence chain generation through constrained decoding. Finally, the retrieved set of evidence chains guides the retrieval optimization process. Evaluated on benchmarks including HotpotQA, 2WikiMultiHopQA, MuSiQue, and NQ, NeocorRAG achieves SOTA performance on both 3B and 70B parameter models, while consuming less than 20% of tokens used by comparable methods. This study presents an efficient, training-free paradigm for RAG enhancement that effectively optimizes retrieval quality while maintaining high recall. Our code is released at https://github.com/BUPT-Reasoning-Lab/NeocorRAG.