diff --git a/lib/xlsx/xform/sheet/worksheet-xform.js b/lib/xlsx/xform/sheet/worksheet-xform.js
index 8b1b787..14e69d3 100644
--- a/lib/xlsx/xform/sheet/worksheet-xform.js
+++ b/lib/xlsx/xform/sheet/worksheet-xform.js
@@ -515,6 +515,15 @@ class WorkSheetXform extends BaseXform {
     options.hyperlinkMap = (model.hyperlinks || []).reduce((h, hyperlink) => {
       if (hyperlink.rId) {
         h[hyperlink.address] = rels[hyperlink.rId].Target;
+      } else if (hyperlink.target) {
+        // 支持内部超链接（如location="Sheet1!A1"）
+        let target = hyperlink.target;
+        if (target.includes('!')) {
+          // 形如 SheetName!A1，转为 #\'SheetName\'!A1
+          const [sheet, cellRef] = target.split('!');
+          target = `#'${sheet}'!${cellRef}`;
+        }
+        h[hyperlink.address] = target;
       }
       return h;
     }, {});