An electronic cigarette, including: a cigarette holder assembly; a threaded sleeve; a meshed heating disc; e-liquid conducting cotton; an e-liquid load module; and a base assembly. The cigarette holder assembly includes a cigarette holder, an air adjusting ring, and a threaded gasket. The air adjusting ring includes a bottom wall and is embedded in the cigarette holder. The threaded gasket is in threaded connection to the air adjusting ring, and a plurality of holes is disposed in the bottom wall of the air adjusting ring. The e-liquid load module includes a cotton support, an e-liquid feeding hopper, a compression ring, a telescopic column, a spring, an anode connecting piece and an end plug. The spring, the telescopic column, the compression ring and the e-liquid feeding hopper are mounted in the anode connecting piece in that order. The cotton support is embedded in the anode connecting piece.