The invention relates to a splitting machine with an adjusting function for film production. The splitting machine comprises a base, two supports, a splitting mechanism and a polishing mechanism, wherein the splitting mechanism comprises a rotating roller, at least two limiting grooves and at least two cutting assemblies; each cutting assembly includes a moving sleeve, blades, a first support rod,a second support rod, a limiting rod, and two connection units; and the polishing mechanism comprises a guide rail, a driving assembly, a moving base, an electromagnet, a permanent magnet, a polishing block and two connection assemblies. According to the splitting machine with the adjusting function, the distance between each blade can be adjusted through the splitting mechanism so that the splitting machine can adjust the width of slit films according to the requirements; the practicability of the splitting machine is improved; and the abraded blades can be polished through the polishing mechanism, so that the sharpness of the blades is improved, the cutting capacity of the blades is improved, and the working efficiency of the splitting machine is improved.