POWER SUPPLY CIRCUIT AND UNINTERRUPTIBLE POWER SUPPLY UPS SYSTEM

Embodiments of this application provide a power supply circuit, including a first power conversion module, a plurality of battery banks, a first bus, and a second bus. A first wiring terminal of the first power conversion module is connected to the battery bank, a second wiring terminal of the first power conversion module is connected to the first bus and the second bus, and the first power conversion module is configured to: perform direct current to direct current (DC/DC) conversion on a current output by a corresponding battery bank, and output currents to the first bus and the second bus. In this application, a quantity of battery banks are set to be less than a quantity of inverters in a UPS system, so that costs are reduced.