JG装备用缸
Search documents
研报掘金丨东吴证券:维持万通液压“买入”评级,油气弹簧驱动底盘新变革
Ge Long Hui· 2025-12-15 09:58
Core Viewpoint - Hydraulic transmission is a cornerstone of modern machinery with a broad market space. The company focuses on four main industries: automotive, energy extraction equipment, engineering machinery, and defense equipment, aiming for comprehensive growth by the first half of 2025 [1] Group 1: Company Strategy and Product Development - The company has developed the JG equipment cylinder, represented by electric cylinders, which can be used in various scenarios. Its core component, the planetary roller screw, is applicable in robotics joints, industrial automation, and aerospace [1] - The company strategically focuses on the highest value components of hydraulic systems and is creating a new growth curve for the application of gas springs in chassis [1] Group 2: Market Performance and Financial Projections - The company's gas springs are experiencing impressive growth, with significant results in overseas markets. The performance in both military and civilian sectors is expected to be promising [1] - The forecast for net profit attributable to the parent company for 2025 to 2027 is projected at 144 million, 185 million, and 242 million yuan, respectively, corresponding to a price-to-earnings ratio of 38, 30, and 23 times [1]