The invention provides a three-way valve improved by utilizing an air-condition four-way valve, a hot-water air-conditioning
system and an air conditioner. The problems of high cost of a plurality of solenoid valves, poor reversing performance and the like existing in the prior art can be solved. The technical scheme is that: the three-way valve comprises a solenoid coil, a
pilot slide valve, a spring, a capillary tube c, a capillary tube d, a capillary tube e, a capillary tube s, a valve body, a
piston cavity, a left
piston, a right
piston, a main slide valve, a C
pipe, an E
pipe and a D
pipe, wherein the D pipe is a
refrigerant inlet pipe; an outlet end of the capillary tube s is connected with an air suction pipe of an air condition compressor; and
refrigerant outlet pipes only comprise the C pipe and the E pipe. The three-way valve improved by adopting the air-condition four-way valve is used for controlling the flow direction of refrigerating fluid, is switched on or switched off in a circulation of preparing heat water and non-preparing heat water, and replaces a plurality of solenoid valves in the prior art, so that the cost of the solenoid valves is reduced by at least 70 percent, the control is simplified, the leakage of the refrigerating fluid due to lax closure of the solenoid valves under
high pressure difference is avoided, and the reliability in operation of an air-conditioning
system is improved.