Technological　innovation　is　an　important　engine　to　support　the　development　of　China　from　a　big　manufacturing　country　to　a　powerful　manufacturing　country.　With　the　support　of　government　policies,　China＇s　high-end　manufacturing　industry　urgently　needs　to　solve　the　problems　of　insufficient　technological　innovation　and　weak　core　competitiveness.　This　paper　uses　the　super-SBM　model　to　measure　the　impact　of　incentive　policies　related　to　high-end　manufacturing　industry　on　innovation　efficiency　of　China＇s　high-end　manufacturing　industry　in　2012-2017.　The　DEA　Malmquist　model　is　used　to　analyse　the　dynamic　change　trend　of　efficiency.　The　results　show　that　the　innovation　efficiency　of　China＇s　high-end　manufacturing　industry　shows　a　trend　of　gradual　optimization,　stepping　into　the　middle　and　high-end　levels,　but　there　are　large　differences　in　innovation　efficiency　among　industries,　and　the　optimization　process　is　not　stable;　at　the　same　time,　China＇s　high-end　industry　is　not　stable.　Manufacturing　industry　needs　to　improve　its　pure　technical　efficiency　as　soon　as　possible　and　solve　the　problems　of　low　efficiency　of　system　and　management　level.　Accordingly,　this　paper　puts　forward　a　series　of　policy　suggestions,　such　as　increasing　financial　and　talent　support,　encouraging　technological　innovation,　and　promoting　industrial　synergy.