Power Conversion Module and Power Supply System

A power conversion module includes a power transistor and a sampling control unit. The sampling control unit determines a given duty cycle of the power conversion module based on the bus reference duty cycle, the power supply reference duty cycle, and the current limiting reference duty cycle, and controls, based on the given duty cycle, the power transistor to work, to control the direct current bus to have a target bus voltage and enable the power conversion module to run at the maximum power point. In this application, the direct current bus can be stabilized and the power conversion module can be controlled to run at the maximum power point.