Increasing global development competition highlights the value of knowledge innovation ability of high-tech enterprises. In order to acquire innovative knowledge, the mediating variables of knowledge field activity and knowledge stock ranking are selected; the moderating variables of knowledge resource pooling and knowledge evolution are adopted to construct the conceptual model and theoretical analysis framework of the influence mechanism of knowledge network arrangement mechanism on knowledge distillation; the moderating mediating effect model is derived; and the influence mechanism of knowledge network allocation mechanism on knowledge distillation of high-tech enterprises is clarified. 531 valid questionnaires were obtained online and offline, and non-percentile bootstrap based on deviation correction was used to empirically investigate the influence mechanism and transmission path of knowledge network allocation mechanism on knowledge distillation of high-tech enterprises. The empirical results show that the main effect of knowledge network pairing on knowledge distillation of high-tech enterprises is significant. The results show that knowledge field activity and knowledge stock ranking play a differential intermediary role in knowledge network allocation and knowledge distillation, knowledge field activity plays a partial intermediary role in knowledge network allocation and knowledge distillation, and knowledge stock ranking plays a partial intermediary role in knowledge network allocation and knowledge distillation. Pooling knowledge resources positively moderates the positive effect of knowledge network allocation mechanism on knowledge distillation and significantly positively moderates the mediating effect of knowledge field activity, and there is a moderated mediating effect derived from it. However, there is no significant moderating effect on knowledge stock ranking between knowledge network allocation mechanism and knowledge distillation. Knowledge evolution positively moderates the positive effect of knowledge network allocation mechanism on knowledge distillation, significantly positively moderates the mediating effect of knowledge field activity, and derives the moderated mediating effect. However, there is no significant moderating effect on knowledge stock ranking between knowledge network allocation mechanism and knowledge distillation. This paper makes an empirical study on the effect of knowledge allocation mechanism on knowledge distillation, enriches the connotation and application scope of knowledge distillation, defines the driving factors and formation mechanism of knowledge distillation, and further promotes the knowledge value and knowledge appreciation of high-tech enterprises. It has guiding and reference significance in the acquisition of innovation knowledge and the promotion of competitiveness of high-tech enterprises.
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