As a high-performance step-up/step-down converter, the synchronous switching Z-source overcomes the theoretical obstacles and limitations of traditional voltage source and current source converters. However, due to the existence of switching devices, the system has strong nonlinear characteristics. At the same time, it belongs to a high-order system, which is easily affected by changes in environment and structural parameters, causing local system instability, namely bifurcation and chaos. To solve the above problems, the discrete iterative model is established on the basis of the state equation of the system, the steady-state operating point of the system was analyzed by nonlinear theory, and the mechanism of the nonlinear behavior was revealed, so as to determine the parameter conditions of the system stability region. Compared with solving the differential equation directly, this paper maps the discrete iterative model to the complex frequency domain for solution, which can greatly reduce the amount of calculation while ensuring the accuracy of the model. The analysis provides the parameter basis for the stable operation of the system and provides theoretical support for further optimization of the system design.