Abstract Agarwood, a highly valuable resin/wood combination with diverse pharmacological activities but scarce supply, has a long history of being used as a medicine in several medical systems. Grafted Kynam agarwood (GKA) has been cultivated successfully recently and has the qualities meeting the definition of premium Kynam agarwood. However, there are few comprehensive comparisons between GKA and normal agarwood in terms of traits, global composition, and activity, and some key issues for GKA to be adopted into the traditional Chinese medical (TCM) system have not been elaborated. The two types of agarwood samples were evaluated in terms of trait characteristics, physicochemical indicators, key component groups, and global compositional profile. Furthermore, a molecular docking was performed to investigate the active ingredients. In vitro activity assays were performed to evaluate the activation of adenosine 5’-monophosphate (AMP)-activated protein kinase (AMPK) by GKA and normal agarwood. The results revealed that, overall, the traits, microscopic characteristics, chemical composition types, and bioactivity between GKA and normal agarwood were similar. The main differences were the content of resin (ethanolic extract content), the content of key component groups, and the composition of the different parent structural groups of 2-(2-phenethyl) chromones (PECs). The contents of total PEC and ethanol extract content of GKA were significantly higher than those of normal agarwood. The MS-based high-throughput analysis revealed that GKA has higher concentrations of sesquiterpenes and flindersia-type 2-(2-phenylethyl) chromones (FTPECs) (m/z 250-312) than normal agarwood. Molecular docking revealed that parent structural groups of FTPECs activated multiple signaling pathways, including the AMPK pathway, suggesting that FTPECs are major active components in GKA. The aim of this paper is to describe the intrinsic reasons for GKA as a high-quality agarwood and a potential source for novel drug development. We combined high-throughput mass spectrometry and multivariate statistical analysis to infer the different components of the two types of agarwood. Then we combined virtual screening and in vitro activity to construct a component/pharmacodynamic relationship to explore the causes of the activity differences between agarwood with different levels of quality and to identify potentially valuable lead compounds. This strategy can also be used for the comprehensive study of other TCMs with different qualities. Keywords: Grafted Kynam agarwood, Aquilaria sinensis, MS-based high-throughput analysis, Molecular docking, Flindersia-type 2-(2-phenylethyl) chromones, AMPK 1. Introduction Agarwood is a valuable resin/wood combination. Resin is produced by a variety of plants in two genera, Aquilaria spp. and Gyrinops spp., in response to stimuli from external damage to help the plant heal itself [[36]1,[37]2]. Those stimuli from natural or artificial sources (knife, fire, fungus, etc.) put the Aquilaria tree in a state of stress and cause it to produce a special defensive mechanism to secrete resin [[38]3]. The majority of available agarwood in the market is from four species, including Aquilaria malaccensis Lam, Aquilaria crassna Pierre ex Lecomte, Aquilaria sinensis (Lour.) Gilg, and Aquilaria filaria (Oken) Merr [[39]4]. Natural agarwood has been used as incense and medicine for spiritual healing and physical healing. The therapeutic effects of agarwood are closely related to its quality with high quality agarwood containing higher concentrations of resins [[40]3,[41]5]. Agarwood has been included in every edition of the Pharmacopoeia of the People’s Republic of China (Volume 1) (Ch.P) [[42]6]. Although both domestic agarwood (Aquilaria sinensis (Lour.) Gilg) and imported agarwood (Aquilaria agallocha Roxb.) were included in the previous edition of Ch.P (1963 edition), only Aquilaria sinensis (Lour.) Gilg has been included in subsequent editions of Ch.P as the designated medicinal agarwood resource. It is hard for plants forming agarwood under natural condition, which results in the low supply of agarwood. With the demand outstripping the supply, natural agarwood resources are in danger of being depleted. Both Aquilaria spp. and Gyrinops spp. have been listed in Appendix II of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Kynam agarwood, a rare high-quality agarwood, also known as Kanankoh, Kyara, Kynam, Chi-Nan, Qi-Nan, and so on, has consistent characteristics of high resin content, soft texture, and unique aroma [[43]7,[44]8]. Because of the depletion of natural Kynam agarwood, Kynam agarwood is expensive and out of reach of the general public. Fortunately, recently developed artificial cultivation techniques can produce Kynam agarwood with native Aquilaria sinensis, referred as grafted Kynam agarwood (GKA). Some studies including germplasm genetics, incense smoke, and chemical composition studies have shown that GKA has the potential to become a high-quality agarwood. Yong Kang et al. performed DNA barcoding analysis on 58 batches of GKA in the market and found that it was closely related to A. sinensis in the phylogenetic tree and therefore tentatively identified its source species as A. sinensis [[45]9]. Yuan Chen et al. concluded that phenylethyl chromones with no or few substituents and sesquiterpenes in GKA were the main factors contributing to its aroma by comparing incense smoke analysis from GKA and normal agarwood [[46]10]. Meng Yu et al. suggested that the main differences between the GKA and normal agarwood were 2-(2-phenylethyl) chromone and 2-[2-(4’-methoxybenzene) ethyl] chromone, both of which were higher in GKA than in common agarwood [[47]11]. Feng Jian et al. conducted a full inspection of ten batches of GKA collected according to the 2020 edition of Ch.P and found that agarotetrol content did not meet the requirement of 0.1% in pharmacopoeia, but the ethanol extract content of GKA was much higher than the requirement of 10% in the pharmacopoeia, and the characteristics were consistent with the profiles of high-quality agarwood [[48]12]. Wen-Yi Kao et al. analyzed the chemical composition of the incense smoke produced from four agarwood including Kynam by headspace gas chromatography/tandem mass spectrometry and found that 2-(2-phenylethyl) chromone derivatives were only found in the incense smoke produced from Kynam agarwood [[49]13]. Chen xiqin et al. investigated the in vitro anti-inflammatory activity of the essential oil extracts of Kynam and normal agarwood based on the LPS-induced RAW264.7 cell model and found that the essential oil extracts of Kynam agarwood had better anti-inflammatory activity [[50]14]. Despite the great efforts of these studies on the multi-component analysis of GKA and normal agarwood, more evaluations of GKA are required to further understand its pharmacological and therapeutic effects. Moreover, there are few studies studying the effects and mechanism of GKA at the molecular level and the downstream signaling pathways that are influenced by GKA, which gives doctors and regulators limited references for regulations. Study of GKA characteristic components,