Abstract: The important discourse of Xi Jinping on scientific and technological innovation contains rich ethical thinking, which provides a value benchmark for the cultivation and shaping of new quality productive forces. Starting from the core issue of the relationship between science and technology and ethics, and based on meta-ethical categories and the general principles of ethical behavior, this paper analyzes the basic content of value ethics in Xi Jinping’s important discourse on science and technology innovation. Based on the goodness of science and technology involves four aspects: value guidance, value purpose, value guardianship, and value creation, and summarizes its generative picture from four perspectives: the theoretical basis of Marxist scientific and technological thought, the source of Chinese excellent traditional culture, the trend of the contemporary scientific and technological revolution, and the experience of a hundred years of struggle in the history of the Party. This generative picture presents the distinctive traits of Xi Jinping’s important discourse on scientific and technological innovation, which is reflected at the basic system level, transcending unidirectional development in the pursuit of comprehensive development and personality liberation; at the level of scientific and technological activities, realizing the return of humanistic care in the fusion of instrumental rationality and value rationality; and at the level of scientific and technological professions, realizing the coordination of synthesis and disintegration in the two-way interaction between holistic thinking and individual thinking.