A flow regulating switch valve comprising: a control key; and a valve core comprising a switch assembly and a diaphragm assembly; wherein: the control key is configured to press and control the switch assembly; the switch assembly is configured to drive the diaphragm assembly to open or close a water outlet; the valve core further comprises a flow regulating assembly that comprises a rotating ring, a sliding block, and a magnet; the rotating ring is connected with the control key in a synchronous rotation manner; the rotating ring comprises an inclined plane that transitions from high to low and is configured to drive the sliding block to slide up and down when rotating such that the sliding block drives the magnet to move up and down; and the magnet is configured to control the diaphragm assembly to regulate a size of the water outlet; the flow regulating switch valve being characterised in that the rotating ring comprises a ring body, and a lower surface of the ring body is provided with the inclined plane; and in that the sliding block is provided with a convex strip extending along a vertical direction, and an upper surface of the convex strip is in contact with the inclined plane. a control key; and a valve core comprising a switch assembly and a diaphragm assembly; wherein: the control key is configured to press and control the switch assembly; the switch assembly is configured to drive the diaphragm assembly to open or close a water outlet; the valve core further comprises a flow regulating assembly that comprises a rotating ring, a sliding block, and a magnet; the rotating ring is connected with the control key in a synchronous rotation manner; the rotating ring comprises an inclined plane that transitions from high to low and is configured to drive the sliding block to slide up and down when rotating such that the sliding block drives the magnet to move up and down; and the magnet is configured to control the diaphragm assembly to regulate a size of the water outlet; the flow regulating switch valve being characterised in that the rotating ring comprises a ring body, and a lower surface of the ring body is provided with the inclined plane; and in that the sliding block is provided with a convex strip extending along a vertical direction, and an upper surface of the convex strip is in contact with the inclined plane. the control key is configured to press and control the switch assembly; the switch assembly is configured to drive the diaphragm assembly to open or close a water outlet; the valve core further comprises a flow regulating assembly that comprises a rotating ring, a sliding block, and a magnet; the rotating ring is connected with the control key in a synchronous rotation manner; the rotating ring comprises an inclined plane that transitions from high to low and is configured to drive the sliding block to slide up and down when rotating such that the sliding block drives the magnet to move up and down; and the magnet is configured to control the diaphragm assembly to regulate a size of the water outlet; the flow regulating switch valve being characterised in that the rotating ring comprises a ring body, and a lower surface of the ring body is provided with the inclined plane; and in that the sliding block is provided with a convex strip extending along a vertical direction, and an upper surface of the convex strip is in contact with the inclined plane.