Core Viewpoint - The article highlights the technological advancements and market impact of Mengjinyuan Gold Jewelry Group Co., Ltd. in the production of spring clasps for jewelry, overcoming previous reliance on foreign imports and aiming to set international standards for this component [3][10][11]. Group 1: Technological Breakthroughs - Mengjinyuan has developed a high-precision spring clasp that requires advanced manufacturing techniques, previously dominated by countries like Italy and Japan [4][5]. - The company has invested significantly in R&D, creating over 300 self-developed production devices and 3,200 molds since 2020, which has enabled it to produce high-quality spring clasps domestically [6][9]. - The production process has been enhanced through the integration of 5G technology, allowing for smart manufacturing and real-time data processing [9][10]. Group 2: Market Position and Impact - Mengjinyuan's spring clasps have achieved a high market share in China, effectively replacing imported products and expanding into international markets, with a reported 700% increase in overseas revenue in 2024 compared to the previous year [10][12]. - The company has gained recognition for its cost-effective and customizable products, which have become mainstream in the domestic market [10][11]. Group 3: Standardization Efforts - Mengjinyuan is actively involved in the development of international standards for spring clasps, with proposals submitted to the International Organization for Standardization (ISO) [11][12]. - The company aims to lead the standard-setting process, which includes multiple stages of proposal and approval, reflecting its commitment to quality and innovation in the jewelry industry [12][13].

Core Viewpoint - The article highlights the advancements made by Mengjinyuan Gold Jewelry Group Co., Ltd. in the production of spring clasps for jewelry, overcoming foreign technological monopolies and leading the establishment of international standards for these components [1][11]. Group 1: Technological Breakthroughs - Mengjinyuan has developed a high-precision spring clasp that requires advanced manufacturing techniques, previously dominated by countries like Italy and Japan [3][4]. - The company has invested significantly in R&D, creating over 300 self-developed production devices and 3,200 molds since 2020, which has allowed it to achieve a competitive edge in the market [4][10]. - The spring clasp can withstand over 80,000 fatigue tests without damage, indicating a lifespan of up to 100 years with regular use [10]. Group 2: Market Impact - Mengjinyuan's products have successfully replaced imported spring clasps in the domestic market, capturing a significant market share and expanding into international markets, with overseas revenue increasing by over 700% in 2024 compared to the previous year [13][11]. - The company has gained recognition for its high-quality products and customer service, leading to a shift in market preference towards its offerings [11][10]. Group 3: International Standards - Mengjinyuan is actively involved in the formulation of international standards for spring clasps, with discussions and proposals being made at the ISO meetings [14][15]. - The company aims to ensure that the standards are scientifically sound, fair, and adaptable to market changes, which will enhance the global competitiveness of its products [15][14].