Study on the Influence of Additional Deduction Policy Adjustment on High-Tech Enterprises-Taking Lepu Medical as an Example

The R & D expense deduction policy will be adjusted in 2018 and 2021, respectively, to reduce the innovation cost of enterprises and promote enterprises to increase innovation efforts by lowering taxes and fees. This paper takes Lepu Medical as an example to analyse the influence of two policy adjustments on the enterprise. First of all, the evolution process of the policy is sorted out, and the adjustment of the two additional deductions and the expected effect are interpreted. Combined with the basic situation of Lepu Medical, the research and development investment, research and development intensity were quantitatively analysed. Secondly, the paper analyses the impact of policy adjustment on enterprises from two aspects: financial performance and innovation performance. Economic indicators directly measure financial performance, and innovation performance is evaluated and analysed from the increase of intangible assets developed within the enterprise, including patent rights and non-patented technologies. Finally, the research shows that the two additional deduction policies stimulate enterprises' innovation enthusiasm, increase R&D investment, and positively impact the financial performance and innovation performance of enterprises.