An embodiment of the invention provides a shell module, an antenna module, a production method of the antenna module and electronic equipment. The antenna module comprises a first substrate, a secondsubstrate and an antenna structure, wherein the first substrate and the second substrate are fixedly connected, the second substrate is made of a non-metal material, the second substrate comprises a frame surrounding the periphery of the first substrate, and an accommodating space is formed in the frame; the antenna structure comprises an antenna body, a feed structure and a grounding structure, the antenna body forms the antenna structure in the accommodating space in a metal slurry injection manner, the feed structure extends to the inside of the second substrate from the frame, and the grounding structure extends to the inside of the second substrate and is connected with the first substrate. The clearance area of the antenna structure in the electronic equipment can be increased, and the radiation signal intensity of the antenna structure can be improved.