Editor’s Note
Mengjinyuan Gold & Jewelry Group’s significant rise in the 2022 Top 500 Chinese Manufacturing Private Enterprises ranking highlights its robust growth and competitive strength within a key sector of the national economy. This achievement reflects the dynamic performance of leading private enterprises in China.
On September 7, the All-China Federation of Industry and Commerce held the 2022 Top 500 Chinese Private Enterprises Summit in Beijing, releasing the ‘2022 Research and Analysis Report on Top 500 Chinese Private Enterprises’. Mengjinyuan Gold & Jewelry Group Co., Ltd. was listed in the ‘2022 Top 500 Chinese Manufacturing Private Enterprises’, ranking 390th, an improvement of 49 places compared to 2021.
Mengjinyuan was one of the first private enterprises engaged in gold jewelry processing since the opening of China’s gold market. As a typical representative of OBM (Original Brand Manufacturer) in China’s gold and jewelry industry, it has steadfastly followed the path of industrial development ‘building the brand with products’ through exquisite craftsmanship for 28 years. The company has invested heavily in building its own fine gold jewelry manufacturing supply chain to exclusively supply licensed gold and jewelry products for the Mengjinyuan brand. Leveraging its patented solderless welding technology and intangible cultural heritage gold and silver fine craftsmanship, it has created and challenged two Guinness World Records, producing Mengjinyuan’s Wanchun Au9999 gold jewelry and Yichun Au99999 gold jewelry, establishing itself as a model of fine gold craftsmanship in China. Over the years, Mengjinyuan has continuously increased R&D investment, participating in drafting 3 national standards, and repeatedly leading the drafting of industry standards, initiating group standards, and establishing enterprise standards. As of 2022, Mengjinyuan holds over 1000 patents, including 30 invention patents, with 2 invention patents winning the China Patent Excellence Award.
Simultaneously, to bring Chinese manufacturing to the world, Mengjinyuan Group has actively connected with international buyers through overseas jewelry industry exhibitions, B2B websites, and independent website construction, continuously taking steps towards global expansion.
The Top 500 Chinese Private Enterprises Summit has become an important platform for private enterprises to showcase, share, and exchange ideas, as well as an annual event to boost confidence, stimulate vitality, and lead innovation and development in the private sector. In recent years, the entry threshold for the Top 500 Private Enterprises has continued to rise, industrial structure has been continuously adjusted, innovation capabilities have been enhanced, and social contributions have increased, playing a demonstrative, leading, and driving role in the transformation, upgrading, high-quality development, and fulfillment of social responsibilities of private enterprises. It is reported that this summit was themed ‘Seizing New Opportunities, Creating a New Future Together’. The list shows that the entry threshold for the 2022 Top 500 Chinese Manufacturing Private Enterprises reached 12.572 billion yuan, an increase of 2.521 billion yuan from the previous year.
Facing the increasingly competitive market and the negative impact of the COVID-19 pandemic on the overall consumer market, Mengjinyuan Group will strengthen its development confidence, continuously increase investment in gold and jewelry cultural and creative development, and comprehensively enhance the core competitiveness of its fine gold jewelry. Adhering to the spirit of craftsmanship, it will continuously break through product technology, improve product quality, and innovate product design. As a member of private enterprises contributing to China’s high-quality economic development, it will continue to operate steadily, overcome difficulties, shoulder corporate social responsibilities, and provide assistance in promoting the transformation, upgrading, and high-quality development of national enterprises into international enterprises.
