How should businesses strike a balance between “Profit Anxiety” and “Social Concern”? Research shows that businesses need to integrate strategy, innovation, and social demands to create shared value via Corporate Social Innovation (CSI). By reviewing the theoretical papers and practical experience, the authors believe that engaging in CSI is a new model for Corporate Social Responsibilities (CSR), and they attempt to quantify such efforts. At the same time, using the data of Chinese listed companies during the period 2007-2019, they test the relationship between CSI and its CFP (Corporate Financial Performance). The results show that the better the CFP is, the more investment in CSI are made, and the more investment in CSI are made, the better its CFP is. However, this positive synergy effect often appears after 2-3 years. Finally, the corresponding suggestions and enlightenment are given.