Research on the Influence of Technological Innovation Capability of Enterprises on Financial Performance under Financial Intelligence

Based on the data of A-share listed companies in Shanghai and Shenzhen from 2017 to 2020, this paper empirically examines the impact of corporate technological innovation capability on financial performance under financial intelligence. It is found that technological innovation capability significantly improves financial performance, and performance increases by 7.07% for every 1% increase in R&D expenditure. Preceding financial performance forms a dynamic gain effect by driving innovation, and the intensity of the effect decreases to 2.97% after endogenous correction. Heterogeneity analysis shows that the effect of SOEs is weaker than that of non-SOEs (0.0611 vs 0.119), the effect is stronger in the East and West due to resource adaptation and policy tilt (0.102, 0.135), and the Northeast is not significant due to structural constraints. It is suggested that enterprises should strengthen R&D investment and data integration, optimize business-finance synergy and capital risk control based on intelligent technology, and formulate appropriate strategies based on regional and organizational differences. The conclusion provides theoretical and practical support for the transformation of corporate finance in the era of digital economy.