Based on the one-dimensional flow hypothesis, heat transfer hypothesis, and two-phase thermal equilibrium hypothesis, a lumped parameter method and a distributed parameter method are used to establish a one-dimensional steady-state thermal-hydraulic analysis model of the steam generator with axial economizer. Using C++ language programming, the calculation results are compared with the design values of the thermal-hydraulic parameters of a typical steam generator with axial economizer. The results show that the relative error of most of the overall parameter calculation results is within 3%, which verifies the rationality of the model. The analysis of the temperature, cavitation share, pressure and other parameters of the steam generator along the direction of the measured fluid flow trend consist well with the results of thermal hydraulics and qualitative mechanism analysis, indicating that the model and solution method established in this paper can accurately predict the steady-state thermal hydraulic parameter distribution of the steam generator with axial economizer. © 2021, Editorial Board of Journal of Nuclear Power Engineering. All right reserved.