A method for sending and receiving a signal is disclosed, and a corresponding device and system. The method includes performing constellation mapping on a data stream to obtain a mapped signal, and performing pre-filtering on the mapped signal to convert the mapped signal into a narrowband signal filtered signal. The pre-filtering is finite impulse response filtering. A bandwidth of the narrowband signal filtered signal is less than bandwidth of the mapped signal, and the narrowband signal filtered signal is a baud rate signal. The method also includes performing waveform forming according to the narrowband signal filtered signal to obtain a shaped signal, and performing digital-to-analog conversion on the shaped signal to convert a shaped second signal into an analog signal, and sending the analog signal.