中国银河给予万通液压“推荐”评级：深耕液压油缸领域，多业务板块协同发展

Group 1 - The core viewpoint of the report is that China Galaxy has given a "recommended" rating to Wantong Hydraulic (920839.SH) based on several positive factors [1] - The company has a strong focus on hydraulic cylinders and is expanding into electric cylinders, maintaining stable relationships with key clients [1] - The overseas business is thriving, with significant performance in oil and gas springs [1] - The market size is rapidly expanding, supported by various policies that provide development opportunities [1] Group 2 - The report highlights the risk of intensified market competition [1] - There is a risk associated with fluctuations in raw material prices [1] - The company faces risks related to technological updates and product development [1]