With the continuous development of science and technology，the business model has attracted wide attention from the scholars from all walks of life in recent years.On the basis of redefining the four-dimension framework of business model，this paper studies the impact of the four dimensions of business model on business performance by using the data released by the 182 manufacturing companies listed on the GEM during 2011—2017.The study finds that the business model that focuses on sales has a significantly negative effect on business performance，that the business model that focuses on procurement has a significantly negative effect on business performance，and that the business model which focuses on the R&D has significantly negative effect on corporate business performance.The equilibrium business model with fourdimension has a significantly negative influence on corporate business performance.