The pin-cycloid gear planetary reducer with ring-plate-type is a new type of reducers. It has high transmission ratio range and high efficiency. In this paper the working principle of pin-cycloid gear planetary reducer is discussed, and the structure of the reducer is designed. Especially for the complexity and the difficulty in modelling of the cycloid gear tooth profile, the parametric design module of cycloid gear is developed to solve the cycloid gear modelling problem through the second development of Solid Works. At last, the speed schemes of the input shaft and output shaft of the reducer are obtained by the motion simulation. Through the analysis of the simulation curves, the rationality of the structure design is proved, which provides a theoretical basis for the design and manufacture of the reducer.