The invention discloses a non-isolated high-current adjustable DC (Direct-Current) stabilized-voltage power supply which is characterized by comprising a 8.6-30V power supply, an L-shaped power supply filter circuit, a DC / DC converter, a voltage sampling and outputting voltage adjusting circuit, a power output circuit and a protective circuit; the DC / DC converter is composed of a current mode pulse width modulation integrated circuit IC 1, a resistor R2, a capacitor C2 and a capacitor C3; the current mode pulse width modulation integrated circuit IC 1 is UC3843; the power output circuit and the protective circuit are composed of a power output tube BG2, a resistor R5, a resistor R6, a freewheel diode D1, an inductor L, a resistor R8 and a resistor R7; the power output tube BG2 is an enhanced N-channel high-power field-effect tube which is IRFZ22. The non-isolated high-current adjustable DC stabilized-voltage power supply disclosed by the invention is capable of outputting high current; the output voltage is adjustable; furthermore, the DC stabilized-voltage conversion efficiency and the working reliability are greatly increased.