The invention provides a high sensitivity receiving circuit applied to a pulse laser radar system. The circuit herein includes a photodiode, a data selector and also a first channel and a second channel which are disposed between the photodiode and the data selector. The photodiode serves as signal sampling input of the receiving circuit. The data selector serves as signal output of the receivingcircuit. The first channel includes a channel selection switch S1, a trans-impedance amplifier, a first-order RC differentiating circuit, a voltage amplifier 1, a zero-crossing comparator 1 and a threshold comparator 1. The second channel includes a channel selection switch S2, a charge sense amplifier, a main second-order RC differentiating circuit, a voltage amplifier 2, a zero-crossing comparator 2, a threshold comparator 1 and a threshold comparator 2. According to the invention, the trans-impedance amplifier and the charge sense amplifier serve as pre-positioned amplifiers, so that low noise and ultra-wide dynamic range can be realized, the time discrimination circuit can be realized with the first-order and second-order differentiating circuits, the voltage amplifiers and zero-crossing comparators. The receiving circuit herein also reduces cost and ensures high precision.