The invention belongs to the technical field of vibration exciters, and particularly relates to a circular vibrating screen lubricated by thin oil. The circular vibrating screen comprises a mounting body, a bearing, a main shaft, a lip-shaped sealing ring, an exhaust pipe, a lubricating inner cavity, a pressurizing assembly, a releasing assembly, an oil discharging pipe and an oil inlet pipe, wherein the bearing is installed in the mounting body in a matched mode, the main shaft is installed in the mounting body, the main shaft penetrates through the interior of the bearing, and the lubricating inner cavity is formed between the mounting body and the main shaft. The thin oil is added through the oil inlet pipe in the using process and has the obvious advantages, a plurality of lubricating points which are widely distributed can be lubricated in time, meanwhile, friction heat generated by friction is taken away, and metal abrasive particles and other mechanical impurities on the friction surface are taken away and washed away along with flowing and circulation of oil, so that the purposes of good lubrication, friction reduction, abrasion reduction, consumption reduction of quick-wear parts, power consumption reduction and prolonging of the service life of equipment are achieved.