The rapid development of today’s financial industry has also led to the rapid development of related industries, and the manufacturing and manufacturing enterprises are one of the biggest beneficiaries.

At the end of the last century, Wei Wei, who was born in economic management, was engaged in the marketing of printing products. With his strong professional knowledge, he was appreciated by the person in charge of a factory in Cangnan’s production and financial equipment factories, and then entered the management of the factory.


After making money, he proposed to the person in charge to invest funds and develop core technologies, but did not recognize it.

In 2002, Wei Wei left the original factory with 200,000 yuan and founded Longgang Victoria Electronics Co., Ltd. -about 150 square meters with a small workshop with 15 workers.

In a humble workshop, he insisted on his own thoughts and took the route of scientific and technological innovation.

Wei Wei not only strictly controlled the quality of production, but also innovated in the design of the product, so that the original ugly monk test machine was beautified, and the new product won a lot of orders as soon as it was launched.

After a certain accumulation, he began to develop the core system of the banknote inspection machine.

On May 1, 2011, the mandatory national standards of the “Conditions for RMB Disted Instrument” were officially implemented. The new standard has improved the access standards for inspection banking machine production enterprises. Only by obtaining Class A production licenses can they participate in the bank’s bidding process on financial equipment.

The new national standard has increased the threshold of the industry, and many companies face unprecedented difficulties. But Wei Rong ushered in a new opportunity -Wei Wei had made technology ahead.

In 2009, the scale of Victoria’s Corporation was small. In order to develop a category of Class A money test machine, it invested 5 million yuan in R & D expenses. Now, with a stable order, Victoria plans to take 6 million yuan each year as R & D expenditure.

Today’s Victoria is one of the largest manufacturers in the country’s banknote inspection machine industry. There are 16 production streamlines in production workshops, with more than 30,000 monthly production volume, and orders have come.


While doing technological innovation, Wei Wei strengthened management, reduced costs, and pushed low -cost and high -quality products to the market.

With the launch of the low -quality and high -quality banknote inspection machine, Wei Wei led Wei Rong to make the market larger and larger. The wholesale market, supermarkets, small sales department, and individual operators all appeared in the hands of Victoria ’s banknote inspection machines.

After occupying the low -end mass market, Wei Wei devoted the profit to research and development and continued to upgrade his system.

After the promulgation of the new national standard in 2011, including Victoria, a total of nine Wenzhou companies won the Class A standard certification, accounting for nearly 30%of the country’s total.

In 2012, he successively obtained the opportunity to be shortlisted by the Bank of China head office, the Agricultural Bank of China, the China Construction Bank head office, and the Bank of Communications. In addition, they also penetrated the business to more than a dozen local banks including Everbright Bank and Tianjin Bank.

In 2012, their banknote machines obtained the national Class A standard certification and became one of the 29 domestic companies with Class A production licenses. This year, Victoria’s output value reached 130 million yuan, a total of 100 million yuan more than in 2011, an increase of more than 400%.


This article comes from the business of business. The entrepreneurial department has been authorized to be released. The editorial was revised, and the copyright belongs to the author. The content only represents the author’s independent point of view. [Follow the entrepreneur public account (ID: chuangyejia), read 7,000 money -making business in China]