The invention discloses a camera module and electronic equipment, and belongs to the technical field of communication equipment. The disclosed camera module comprises a camera, a base and a first support, the first support is arranged on the base, the camera is rotatably arranged on the first support, the camera comprises a circuit board and a photosensitive chip, a mounting groove is formed in a first plate face, back to the base, of the circuit board, and the photosensitive chip is arranged in the mounting groove. The second board surface, facing the base, of the circuit board comprises a middle board surface and a peripheral board surface, the peripheral board surface is arranged around the middle board surface, the middle board surface protrudes out of the peripheral board surface in the direction facing the base, a first sub-gap is formed between the middle board surface and the base, and a second sub-gap is formed between the peripheral board surface and the base. According to the scheme, the problem that the height of the camera module is large in the prior art can be solved.