After the military conversion in the 80s, the production capacity shrunk, the economic efficiency declined, and the company suffered losses for ten consecutive years. By the end of 1994, the company had accumulated losses of 49.17 million yuan, with liabilities as high as 83 million yuan, and it was listed as a difficult enterprise in Gansu Province. At the end of 1994, the then 36-year-old Wang Wengo as director of Lanxin Radio Factory, he led the new leadership team to overcome the difficulties, seek truth from facts, change the concept of a series of bold reforms, the implementation of the capital operation strategy, take the road of economic efficiency, "back two into three, three to promote the two", the enterprise to turn around the loss and increase profits. At the end of 1996, the former state-owned Fenglei Machinery Factory (state-owned 4502 Factory) relocated to Lanzhou after the third line, the lack of funds, production is difficult to operate, the enterprise is in trouble; in 1997, Lanxin Factory of Fenglei Factory successful implementation of the merger and hosting of the Gansu Provincial Institute of Electronic Science and Technology and the Gansu Provincial Software Technology Company, in 1998 the formation of Lanxin Group In 1998, the Lanxin Group was the Gansu Provincial Party Committee, the provincial government In 1998, Lanxin Group was set up by Gansu Provincial Party Committee and Provincial Government as an advanced model for the reform and development of state-owned enterprises in Gansu Province; in 2000, according to the recommendation of the Central Propaganda Department and the State Economy and Trade Commission, Lanxin Group was identified as a model for the reform and development of state-owned enterprises to be publicized by the State through the approval of the Premier of the State Council Mr. Zhu Rongji, the Minister of the Central Propaganda Department Mr. Ding Guanguan, and the Vice-Premier of the State Council Mr. Wu Bangguo; in 2001, the Chairman of the Board of Directors of Lanxin Group, Mr. Wang Wang Wengo, was invited to participate in the "National Tenth Five-Year" Conference held by Premier Mr. Zhu Rongji. In 2001, Chairman Wang Wengo was invited to Beijing to participate in the Symposium on the Outline of the National Tenth Five-Year Plan, which was hosted by Premier Zhu Rongji.

In early 2004, Lanxin Group was restructured through the double replacement of property rights of state-owned enterprises and the identity of state-owned enterprises' employees, and established Lanzhou Ruide Industrial Group Co., Ltd. which is a joint-stock enterprise held by internal employees***, and Ruide Group re-signed the labor contract with all the employees to establish a new type of labor relationship, and completed the conversion of the company's system. Ruide Group now covers an area of more than 400 acres, headquartered in the core area of Lanzhou City, the industrial base is located in the Jiuzhou Economic Development Zone in Chengguan District of Lanzhou City, and the commercial area is located in the most commercially vibrant east of Lanzhou City economic zone. By the end of 2007, it had total assets of RMB 1.57 billion, a market value of RMB 6 billion, and a total of more than 1,200 employees, of which 37% were college educated or above. After several years of development, Ruide Group has formed two major industrial sectors, namely, electronic industry and commercial real estate, which are interconnected and mutually reinforcing, complementing each other and ****improving with each other to promote the enterprise's super-speed development. Industrial industry to create a world-class materials preparation, communications equipment and microelectronics intermediate products, research and development, production, integration and system technology to provide an integrated service provider as the goal, adhering to the "one of the best, and strive to create the limit of the" business philosophy, the formation of electronic special equipment, special communications equipment and microelectronics intermediate products of the three major industrial chain. The enterprise has developed electronic special equipment for more than forty years. The company has been developing electronic special equipment for more than 40 years, and has developed more than 150 kinds of electronic special equipment with independent intellectual property rights, forming four series of grinding, cutting, polishing, chamfering and others, which are widely used in 11 industries such as optical opto-electronics, window industry, LCD, semiconductor, solar photovoltaic, computer hard disk accessories, magnetic materials, gemstones and special crystals, quartz crystals and piezoelectric ceramics, seals and special metal processing. The company has become the most advanced production base of electronic special equipment in China. The wireless dispatching communication system, digital trunking dispatching communication system and weak field relay communication system developed by Ruide Group are widely used in the fields of railroad transportation, rail transportation, public security, post and telecommunications, electronics, aviation, etc. Ruide Group has provided tens of thousands of sets of equipments for the road bureaus of the Ministry of Railway and more than ten railways, such as Guangzhou Metro Line 2 and Line 3, Shanghai Pearl Line, Changchun Light Railway and so on, and has become the main service provider for the rail communication. Ruide Group has R&D centers in Lanzhou and Shanghai, with a high-level mechanical structure and electronic software and hardware development team, which has been awarded as "Postdoctoral Research Station", equipped with design studios and environmental test stations, and set up advanced development platforms such as CAD, CAE and EDA. In terms of machinery, the company possesses the design technology of high-precision axis system and pneumatic technology for precise pressure control, and has formed special process solutions for precision plane machining; in terms of microelectronics, the company has mastered the application technology of high-end devices and system platforms, such as large-scale DSPs, FPGAs, embedded systems and real-time operating systems. After years of technological innovation, the company has formed the international first-class process, constructed a large-scale production system and perfect quality management system, with more than 6,000 sets of production process equipment and more than 2,000 sets of testing equipment, and passed the ISO9001 quality management system certification and military product quality system certification. The company insists on building a globalized sales and service system with "the best equipment, the strongest support, the best service and the most systematic support", and its products are sold all over the country and exported to the United States, Russia, the United Kingdom, Canada, Japan, India and other countries, and it has become the designated supplier of famous domestic and foreign enterprises.

Commercial real estate industry, the introduction of the latest international Moore business format, to build consumers, suppliers and developers *** with the development of the platform as the goal to create "joy, fashion, rich" commercial complex for the concept, and always adhere to the business, real estate, continuous operation and chain development, to create a One-stop shopping center: Redmoor - City Shopping Plaza. Covering an area of 180 acres, Ruide Moore City Shopping Plaza is composed of eight shopping centers, four landscapes and two pedestrian streets, with 300,000 square meters of commercial properties and 400,000 square meters of residential properties, integrating residence, shopping, leisure, entertainment, catering and hotels, and indisputably becoming the chief mall of Northwest China, and its core building, "World Wide Harbor", enjoys the title of "China's most fashionable and rich" commercial complex. "In 2008, Ruide Moore - City Shopping Plaza became the first station of Wangfujing Department Store to enter Gansu, and its stationing is of great strategic significance to the development of Ruide Group's commercial industry, which will have a great pulling effect on Lanzhou's department store retail industry. It is of great strategic significance to the development of commercial industry of Ruide Group and will have a great pulling effect on the department store retail industry in Lanzhou.

In order to establish a set of market economy and international competition, the internal property rights and economic interests of the enterprise clear relationship between the new management model, summed up the experience and lessons learned over the years of enterprise reform, after six years of continuous exploration and practice, Wang Wengo, chairman of the board of directors of the main creation of a process-oriented, flat organizational structure and economic interests as a link between the "Ruide EIC management model" (i.e.: Economic economy, Interests interests, Chain chain management), completed the enterprise management and international standards, the original administrative management way to economic interests as the link to the economic means of management, the function-oriented enterprise into a process-oriented enterprise, an insolvent enterprise on the verge of bankruptcy to develop into a high-tech industrial group, and to become a high-tech industrial group. In 2007, the "Business Process Optimization Oriented Organizational Change" ("Ruide EIC Management Model") won the Second Prize of the National Enterprise Management Modernization Innovation Achievement. In 2007, "EIC Management Model of Ruide" won the Second Prize of National Enterprise Management Modernization Innovation Achievement. At the same time of continuous innovation in system and management, Ruide Group continues to implement technological innovation, constantly improve and enhance the scientific research means and auxiliary design capabilities, realize CAD-assisted design, CAM-assisted manufacturing, digitalization of production lines and production equipment, and realize flexible production and agile manufacturing. Utilizing high and new technology, the company has accelerated the development and research of products with independent intellectual property rights, so that the communication products have shifted from analog to digital, and the electronic special-purpose equipments have shifted from low-end to high-end. The production of electronic special equipment won the title of "Long Goods Excellence", X61 1112K-1, X61 1112B-1 CNC precision grinding machine by the Ministry of Science and Technology, the Ministry of Commerce, the State Administration of Quality Supervision, Inspection and Quarantine and other departments were awarded the national key new products, and selected as China's semiconductor innovation products, developed in 2007 X61 1572L-1 CNC precision grinding machine. 1572L-1 CNC precision grinding machine and X07 150-1 multi-wire cutting machine passed the provincial technical appraisal, which can replace imported products and reach the domestic advanced level.