This utility model provides a heat
recovery system based on a subcooler and an integrated
air conditioning and hot water unit, including: a compression module, a first
heat exchanger, a subcooler, a second
heat exchanger, and a water tank; the first
heat exchanger, subcooler, and second heat exchanger are connected in series, and the compression module is connected to the first and second heat exchangers; the water tank is connected to the subcooler, and the subcooler exchanges heat with the
refrigerant condensed by the first or second heat exchanger to transfer heat to the water tank. This utility model, by connecting the first heat exchanger, subcooler, and second heat exchanger in series, allows the first heat exchanger to act as a condenser and the second heat exchanger as an
evaporator during the cooling process, and the second heat exchanger to act as a condenser and the first heat exchanger as an
evaporator during the heating process, thus separating the condenser and subcooler and improving the
system's energy efficiency ratio; by connecting the subcooler to the water tank, the
air conditioning and hot water systems are integrated, meeting users' multiple needs for cooling, heating, and
hot water supply.