The invention discloses an electroforming and punching integrated porous copper foil manufacturing system and method, and belongs to the technical field of porous copper foil processing. The system comprises an electroforming unit I, an electrolytic hole making unit II and an electrolyte circulating unit III, wherein the electrolytic hole making unit II comprises a copper foil conveying roller, a copper foil pressing roller, an arc-shaped permanent magnet, a copper foil winding roller, a movable mask belt, an arc-shaped cathode, a first mask belt tensioning roller, a second mask belt tensioning roller, a mask belt driving roller and an electrolytic power supply. During processing, the copper foil is wound on the winding roller after passing through the rollers and the movable mask belt, and the spatial position of each roller is adjusted, so that the copper foil is tightly pressed and attached to each part; opening an overflow valve, and spraying the electrolyte to the movable mask belt at a high speed; and turning on a power supply, dissolving the copper material in the exposed area, and gradually forming the through holes from the micro pits along with the forward movement of the mask belt. According to the invention, integration, continuity and synchronization of copper foil forming and punching can be realized, the process flexibility and adaptability are improved, and the high-quality and high-efficiency preparation requirements of the copper foil with massive holes are met.