Research On The Influence Of R&D Investment On Financial Performance Of Communication Equipment Industry

In recent years,with the continuous development of more developing countries,it has had a certain impact on the original world economic pattern.The trade friction among countries is becoming more and more intense.Especially the Sino US trade war in recent two years has confirmed the strength of China's economic and technological development.In the Sino US trade war and other China crackdowns and sanctions,high-tech fields have become the main contradiction centers,such as AI Artificial Intelligence,5G technology,UAV technology,etc.In order to strengthen the national core scientific and technological strength,accelerate the construction of a powerful scientific and technological country,and master the core technology.China has constantly emphasized the implementation of innovation driven development strategy in the recent two five-year plans,namely,the 13th five year plan and the 14th five year plan.In the 14th five year plan,China also pointed out that it should aim at the fields of artificial intelligence,quantum information,integrated circuit,etc.,face the world science and technology frontier,face the main battlefield of economy,face the national major needs,improve the national innovation system and accelerate the construction of a powerful science and technology country.With the strengthening of the national leadership and the independent innovation consciousness of enterprises,China has also formed a number of enterprises with strong competitiveness in the field of high-tech,such as the rising Xinjiang in the field of UAV,Huawei in 5g technology,beacon communication in the direction of optical communication,etc.In order to further study the R&D innovation ability of enterprises,combine the financial performance of enterprises with them,explore the market effect and income of R&D innovation,and the related relationship between them,and provide reference for the same industry and other high-tech enterprises.In order to explore the relationship between R&D investment and financial performance of communication equipment industry,based on reading and summarizing the relevant literature at home and abroad,this paper takes Shanghai and Shenzhen listed enterprises as the research objects,and integrates and stratifies the enterprises with valid data,listed earlier than 2015 and meeting the disclosure conditions according to market value,This paper analyzes whether there is a large R&D gap and financial performance gap among enterprises of different sizes,and the degree of correlation between them.At the same time,combined with Fiberhome communication company,as a case enterprise with a certain development history and stable operation,this paper makes a supplementary analysis to explore the differences between R&D investment and financial performance of enterprises with different scales.Through sorting out and summarizing the financial statements and other information of listed companies and Fiberhome communication,this paper takes R&D investment intensity and financial performance as variables,analyzes its correlation with the results of Excel regression analysis,and explores the correlation between them and the impact of R&D investment on financial performance from 2015 to 2019 combined with the trend analysis of financial performance.Through the above research and analysis,we can draw the conclusions about the R&D investment,financial performance and the relationship between them in the communication equipment industry in recent five years,and give relevant suggestions to the communication equipment industry combined with the more successful experience,so as to provide feasible suggestions for the communication equipment industry to attach importance to R&D and improve the R&D output effect.