The ridge–furrow planting pattern is an effective strategy to improve grain yield, and changes in the ridge and furrow microenvironments affect wheat yield. However, the mechanism by which wheat yields are increased at different ridge–furrow ratios is unclear. In this study, four planting modes, namely the traditional planting mode (M1) and ridge–furrow ratios of 50:50 cm (M2), 75:50 cm (M3), and 100:50 cm (M4), were established for wheat under field conditions from 2021 to 2023; the effects of different treatments on light energy utilization, dry matter accumulation and transport, and grain yield were studied. The findings demonstrated that the M3 treatment exhibited the highest enhancements in parameters such as leaf area index (LAI), canopy photosynthetically effective radiation interception rate, relative chlorophyll content (SPAD) index, and net photosynthetic rate. Moreover, the M3 treatment displayed superior grain filling compared to other treatments. The post-anthesis assimilate accumulation in the M3 treatment was 11.93%, 4.69%, and 13.13% higher than that of M1, M2, and M4 treatments, respectively, and the grain yield in M3 increased by 7.70–9.56%, 3.13–4.91%, and 8.69–10.90% compared with those in M1, M2, and M4 in the two growing seasons, respectively. In summary, under the conditions of this study, the M3 treatment led to higher LAI and SPAD values in flag leaves post-anthesis compared to the other treatments. Moreover, M3 optimized canopy structure, led to the highest canopy interception rate, and increased photosynthetic rates per individual plant. Consequently, there was a significant increase in post-anthesis dry matter accumulation, resulting in the highest grain yield achieved among the treatments.