| The establishment of the science and Technology Innovation Board marks a transformative breakthrough in China’s capital market and provides a broad platform for the financing and development of many high-quality technology and innovative enterprises.With the mature application of Internet,block chain,artificial intelligence and other technologies,the innovation mode implemented by listed companies in the development process of science and technology Innovation Board also presents the trend of interactive integration.Throughout the development of science and technology innovation enterprises,technological innovation has always been the root of their survival.In addition,according to the characteristics of enterprises,carrying out business model innovation to expand the commercial channels of technological innovation achievements has become a new driving force for enterprises to create value.In recent years,as countries around the world pay more attention to scientific innovation,the competition in science and technology industry has entered a white-hot stage.How to implement technological innovation and business model innovation in combination with their own characteristics while conforming to the development of the industry? Under the dual influence of national system and market demand,how to coordinate technological innovation and business model innovation so as to gain a place in the competitive market has become an urgent problem to be solved by such enterprises.This paper uses case study method,literature research method and other methods to study and analyze the implementation of innovation path and financial performance of selected Rongbai Technology Co.Firstly,the relevant academic literature on technological innovation,business model innovation and the impact of two different innovations on corporate financial performance are summarized and sorted out.Then,A case study is conducted on Rongbai Technology Co,A leading manufacturer of new energy materials in the Science and Technology Innovation Board,to sort out the technological innovation and business model innovation path experienced by Rongbai Technology Co from 2016 to 2020.Secondly,the financial index ratio method and EVA analysis method are used to analyze the impact of Rongbai’s different innovation path implementation on its financial performance.The research results show that although in the short term,the technological innovation carried out by Rongbai Technology Co will cause the increase of enterprise cost and affect enterprise profitability.However,as the sales volume of innovative products increases and the market share expands,the overall financial performance of enterprises will show a significant upward trend.At the same time,the business model innovation implemented by Rongbai Technology Co also has a positive effect on corporate financial performance to a certain extent.Finally,combined with the results of relevant data analysis,the paper points out the problems existing in the implementation process of Rongbai’s innovation path,and puts forward targeted suggestions based on the problems. |
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