The invention discloses an assembling and disassembling lifting machine for substation equipment. The assembling and disassembling lifting machine comprises a base, a lifting rod and a cantilever, wherein the lifting rod is mounted on the base; the middle part of the cantilever is arranged at the top of the lifting rod; one end of the cantilever is connected to the base through a stretching assembly; a lifting device for lifting a heavy object is arranged at the other end of the cantilever. The assembling and disassembling lifting machine for the substation equipment, provided by the invention has the advantages of simple structure, high simplicity and convenience in operation, small size, easiness in movement and the like.