Abstract:Taking business model innovation as the intermediary variable, this paper constructs the theoretical model of the relationship between digital technology capability and enterprise performance. Based on the public data of 32 digital technology listed companies, a multiple regression analysis method was used to verify the research hypothesis. The results show that: digital technology innovation ability has a significant positive effect on enterprise performance, and digital technology acquisition ability has no significant effect on enterprise performance. the ability of digital technology innovation has a significant positive impact on technology-oriented business model innovation , but not on the innovation of consumption-oriented business model; the ability to acquire digital technology has a significant positive impact on consumption-oriented business model innovation, and has no significant impact on technology-oriented business model innovation; technology-oriented business model innovation plays a completely intermediary role in corporate performance; Consumption-oriented business model innovation plays an incomplete intermediary role in corporate performance.