A power supply conversion circuit is provided, which includes: a first voltage clamping module configured to decrease an input voltage to a preset low voltage; a boost module configured to increase the input voltage or the preset low voltage to a target voltage; a second voltage clamping module configured to maintain the target voltage within a preset voltage range; a filter module configured to filter out ripples in the target voltage; and at least one output module, each of which is configured to supply power to a load. Compared with a conventional LDO integrated circuit, the circuit can provide multiple output power supplies, and it is only required to additionally arrange one field effect transistor for one more output power supply. Therefore, the power supply conversion circuit has a simple structure, is expandable easily and is applicable to an analog integrated circuit requiring multiple output power supplies.