The invention discloses a novel constant-output-current BUCK circuit which comprises the components of a current sensing 
resistor, wherein one end of the current sensing 
resistor is connected with a rectifying switch node, and the other end is connected with an output 
anode; an output 
capacitor of which one end is connected with the output 
anode and the other end is connected with an output 
cathode; a high-level switch which is connected with an input power supply 
anode and a rectifying switch node; a low-level switch which is connected with an input power supply 
cathode and the rectifying switch node; a first 
signal amplifying and translating module which generates a 
triangular wave signal; a second 
signal amplifying and translating module which generates a real-time current signal; and an average value calculating module which acquires an 
average current signal that represents an 
inductor average current value according to the real-time current signal. Compared with prior art, the novel constant-output-current BUCK circuit has advantages of 
settling a high-level switch matching problem, preventing cost increase and switching efficiency reduction by means of one current sensing 
resistor, ensuring high precision of output current, and preventing a problem of 
actual use performance reduction caused by factors of uncertain frequency, etc.