The invention discloses a gravitational potential energy recycling and reutilization energy-saving device based on a four-port hydraulic transformer. The device comprises an energy-saving device and aboom cylinder, the energy-saving device comprises the four-port hydraulic transformer, a two-way proportional throttle valve, a two-position three-way reversing valve, a normally-closed electromagnetic valve, an energy storage device and a controller, through the energy-saving device, hydraulic energy obtained through converting of gravitational potential energy in the excavator movable arm descending process is stored in the energy storage device, on the premise of not affecting the excavator operation and movable arm motion stability, energy stored in the energy storage device is released,through pressure transforming of the four-port hydraulic transformer, the energy is used for the excavator movable arm lifting condition, throttling losses generated when oil passes through a hydraulic valve in an original hydraulic system during movable arm descending can be avoided, and the efficiency of the hydraulic system is improved.