Study on the Impact of Green Transformation on Corporate Performance in the Chengdu-Chongqing Region under the Dual Carbon Context

Abstract

Against the backdrop of the “dual carbon” strategy, corporate green transformation has become a crucial pathway for driving high-quality development and regional sustainable growth. This study examines Tongwei Co., Ltd., a representative enterprise in the Chengdu-Chongqing region, using both traditional financial metrics and green non-financial indicators to analyze the impact of its green transformation on corporate performance. Findings reveal that Tongwei has achieved synergistic development of green production models and business operations by integrating resources from its dual core businesses-photovoltaic new energy and smart aquaculture-through technological innovation and clean energy applications. This process has enhanced the company's short-term solvency, profitability, and asset operational efficiency. Concurrently, R&D investment has increased, patent output has grown steadily, the proportion of clean energy usage has risen, and carbon emission intensity has decreased. These outcomes demonstrate that green transformation positively impacts both financial and non-financial performance. The findings provide valuable experience and policy references for enterprises in the Chengdu-Chongqing region advancing their green transformation efforts.