The invention provides a bar code recognizing, reading and decoding module and a handheld electronic device. The bar code recognizing, reading and decoding module comprises a first circuit board, a reflecting mirror, a lens module and a support, wherein the first circuit board comprises a bar code processing chip and an image sensing chip, the bar code processing chip and the image sensing chip are located at different sides of the first circuit board, the image sensing chip is a complementary metal oxide semiconductor chip and used for acquiring an image, and the bar code processing chip is used for decoding a bar code of the image; the lens module comprises a lens group and a mechanism element, the lens group is used for guiding incident light to the reflecting mirror, and the mechanism element comprises a thread for adjusting focal length; the reflecting mirror is used for reflecting the incident light to the image sensing chip vertically; and the support is used for bearing the first circuit board, the reflecting mirror and the lens module. Compared with the prior art, the bar code recognizing, reading and decoding module and the handheld electronic device have the beneficial effects of small size, low power consumption, fewer devices and low cost.