Research On The Impact Of Technological Innovation On Corporate Business Performance

Up till now,human society has gradually realized the limitations of fossil energy for future development.At present,the government around the world have taken new energy technology as an important breakthrough point for a new round of technological revolution and energy structure reform.Photovoltaic,as the core component of new energy technology,plays a pivotal role in promoting the development of renewable energy technology.Chinese photovoltaic facilities have developed rapidly in the past decade with strong government support,the photovoltaic industry chain has gradually developed and matured,and China has become the world’s leading photovoltaic power.But with the development of the PV industry,the gap in China’s policy subsidies is getting bigger and bigger,and in 2018 China started to refund the subsidies to the PV industry and reduce the intensity of subsidies.In addition,since 2012,the European Union,the United States,Canada and Australia have to our country smashed "double reverse stick",China’s photovoltaic enterprises in the international market for a time into a multiway "hounding" dilemma.In the face of domestic subsidies,the rise of international trade protectionism double dilemma,how to better go out and survive in the competitive international market has become the urgent need to solve the problem of PV export enterprises.Since the implementation of the "531" new policy in 2018,China’s photovoltaic manufacturing enterprises through technological innovation,making the rapid downward adjustment of the price of the photovoltaic industry chain,the economy of photovoltaic product exports is increasingly prominent.According to CPIA data,China’s PV exporters have installed 62 GW overseas,up 25.7% yearon-year.Benefiting from the booming demand in overseas markets,China’s PV product exports have increased year by year,and PV exporters have welcomed the opportunity to explore international markets.However,due to the rising domestic PV raw material prices and the gathering of resources mainly to technologically advanced PV enterprises,how PV exporters with lagging production capacity can achieve better development and keep growing up in the fierce international competition has become an urgent problem to be solved.This paper uses a combination of empirical evidence and cases to study the impact on technological innovation and business performance of China’s PV export enterprises,aiming to enlighten China’s PV export enterprises through technological innovation and increase the number of authorized patents can enhance the technological research and development manufacturing capacity of the industrial chain,continuously increase the export competitiveness of products and improve the international market share,which in turn can bring higher economic benefits to the enterprises.The specific operation of this paper is as follows.Firstly,the literature on technological innovation and the relationship between the number of granted patents and enterprise business performance is sorted out,and the general conclusions on the number of granted patents and business performance are summarized;secondly,after referring to the relevant literature,a multiple linear regression model is used to analyze the relationship between the number of granted patents and the business performance of PV export enterprises using a double fixed effect model;finally,Longy Green Energy is used as a case object to specifically analyze the relationship between the Finally,the relationship between the number of authorized patents and the business performance of this enterprise is analyzed with the case of Longi Green Energy.Finally,the relationship between the number of granted patents and the business performance of Longi Green Energy is analyzed.This paper concludes that the number of granted patents has a significant impact on the business performance of PV exporters,and the number of granted patents has a significant positive impact on profitability and growth ability,a significant negative impact on operating ability,and no significant impact on solvency.