A newly developed catalyst type DVR- 1 for catalytic cracking of Daqing vacuum resid was put into use in a commercial VRFCC unit. This catalyst features uniquely active matrix and modified ultrastable zeolite. The commercial application results show that the DVR-1 type catalyst has the advantage of high heavy oil conversion, good metal tolerance and good stability for catalyst regeneration. The FCC tests have shown favorable product distribution, acceptable product quality and enormous economic benefits when processing the feedstock containing 75%-100% Daqing VR.