Research On The Impact Of R&D Expense Deduction Policy On ZR Company’s Innovation Performance

The report of the 20th National Congress of the Communist Party of China pointed out:"Strengthen the main position of enterprises in scientific and technological innovation,give play to the leading and supporting role of science and technology backbone enterprises,and create a good environment conducive to the growth of science and technology-based small and medium-sized enterprises." "The Ministry of Finance and the Taxation Bureau have repeatedly expanded the scope of super-deduction for R&D expenses and increased the preferential treatment of super-deduction,so as to encourage enterprises to carry out independent R&D and innovation.In 2022,the Ministry of Finance issued the Announcement on Increasing Pre-tax Deduction for Supporting Scientific and Technological Innovation,increasing the pre-tax super-deduction ratio to 100% for enterprises that currently apply 75% of the pre-tax super-deduction ratio for R&D expenses.Enterprise R&D activities are important activities for the country to achieve sustainable development,and the innovation performance of enterprises under the change of R&D expense super-deduction policy is evaluated,so as to increase investment,improve the efficiency of policy application,and improve enterprise innovation performance.The paper reads and refers to the literature of domestic and foreign scholars on the impact of R&D expense super-deduction policy on enterprise performance,defines the concept of innovation performance and puts forward relevant theoretical support,and finds that most scholars believe that the super-deduction policy has a significant impact on enterprise performance.By introducing the current situation of ZR’s operating conditions,R&D investment and innovation output,the path mechanism of R&D expense super-deduction policy affecting innovation performance is analyzed.Focusing on the perspective of "input-output-income",this paper evaluates the innovation performance of ZR based on the input process of innovation and R&D,the operating benefits of innovation output and the financial effect of innovation output,and discusses the innovation performance of ZR under the change of R&D expense super-deduction policy.At the same time,the paper selected six comparative enterprises and used the entropy weight method to horizontally evaluate the innovation performance of ZR Company from four aspects: business profitability,business growth,business competition,and output.It is found that:(1)On the input side,under the influence of the increasing preferential policy of super-deduction of R&D expenses,ZR Company’s R&D investment and R&D intensity have increased,more R&D talents have been absorbed,the proportion of technical personnel in management positions such as project managers,consultants,and senior engineers has increased,and the personnel structure has been optimized;(2)On the output side,although the R&D expense super-deduction policy has increased the number of intellectual property applications,the quality of innovation output and the efficiency of policy application have not been significantly improved,and the number of intellectual property rights rejected or inadmissible in 2017-2021 totaled 5,accounting for a higher proportion of the total number of applications in that year,and the total number of applications is also lower than that of enterprises with the same investment scale,and the efficiency of ZR company’s policy application only reached about 30% from 2016 to 2021,resulting in a relatively low market share;(3)On the income side,the R&D expense super-deduction policy has a certain effect on ZR’s software service revenue,but the effect on its business gross profit margin is not obvious,compared with enterprises in the same industry,it still needs to be improved,and the high concentration of enterprise customers,business income is subject to the top ten customers.Finally,based on the research results,this paper puts forward the relevant suggestions for ZR company to improve their innovation performance under the R&D expense super-deduction policy.