The invention discloses an energy-saving full-function refrigeration cycle system, which consists of an indoor unit and an outdoor unit, wherein the outdoor unit comprises a compressor, an outdoor heat exchanger, a heating expansion valve, a check valve, a heating dry filter, a liquid receiver, a vapor-liquid separator and a pipe joint; and the indoor unit comprises a blower, an electromagnet valve B, an electromagnetic valve A, a refrigerating dry filter, a refrigerating expansion valve B, a check valve B, an indoor heat exchanger B, a check valve A, a refrigerating expansion valve A, an indoor heat exchanger A, an electromagnetic valve C, and a four-way reversing valve. The refrigeration cycle system can meet the requirement of control precision defined by the national standard under the condition of energy-saving operation. The refrigeration cycle system can greatly save heating energy consumption through the energy-saving operation of partial working condition, improve the energy-efficiency ratio in a heating season and annual performance coefficient, and has important practical value.