To help intelligent manufacturing enterprises lower their confusion in RFID investment and improve their performance through a prior understanding of the RFID influence, given the moderating of entrepreneurship, a dynamic capability theory-based conceptual model is proposed by us. Then, through a questionnaire survey, measurable indicators are effectively selected. Next, AMOS method-based modeling is put forward to analyze the moderating effect and mediating effect to test the research hypotheses. The results show, firstly, that the most significant variables are the “consistent investment” and the “management decision-making ability”. Besides, different from the view of cost performance, the best reflected factors of enterprise performance in “intelligent manufacturing” are “product innovation speed and product market share”. Secondly, proper RFID investment can have a positive impact on enterprise performance only if it is converted into intelligent manufacturing capability (mediating variable), which hints at the true mediating effect. Moreover, Entrepreneurship can positively moderate the RFID’s influence on an enterprise’s intelligent manufacturing capability, but not on the enterprise performance. Namely, the moderated mediating effect of enterprise’s intelligent manufacturing capability is tenable. Generally, reasonable RFID investment in Chinese enterprises can promote intelligent manufacturing capability to improve the “intelligent manufacturing” performance. All these influence relations also vary with different entrepreneurships.