Abstract: Using China's high-tech listed companies from 2007 to 2012 as research sample, we examine the sensitivity of R&D-performance and the asymmetric characteristics of the sensitivity. We found that performance is rather sensitive to R&D investment and the sensitivity is asymmetric, which is that the performance will increase as the R&D investment rising and keep stable as the R&D investment decreasing, and this means R&D-performance is sticky. We also found that the stickiness will be affected by the entrepreneur's professional cognition and enterprise’s growth stage. Our research enriches the related literatures about R&D and provides reference for the decision-making about R&D.