This article is based on a retrospective cohort of 1253 patients with primary liver cancer (including 991 with liver cirrhosis and 1055 with HBV infection), systematically analyzing thromboelastography (TEG) parameters (such as maximum amplitude MA, clot formation time K, coagulation angle α, etc.) in relation to the severity of liver disease (Child-Pugh classification, MELD score), liver reserve function (ICGR15), and traditional coagulation indicators. The results show that with the progression of liver cirrhosis, TEG indicates a hypocoagulable state (MA↓, K↑, α↓); while the MA and coagulation comprehensive index in the HBV infection group were significantly higher than those in the non-HBV group, showing a relative hypercoagulable tendency; MA is strongly positively correlated with platelet count and fibrinogen, and weakly negatively correlated with MELD/ICGR15. The study confirms that TEG is more sensitive than traditional indicators in reflecting the dynamic coagulation imbalance characteristics of liver cancer patients.