The invention provides a molding module and control method thereof to shorten the heating and cooling period time for the molding module by a simple and cheap structure. In a molding module prepared with the blanks, a magnetic model material is used as the molding module; a cooling mechanism for the refrigerant flowing is provided at the inner side along the molding side of the molding module; atthe same time, periphery of the cooling mechanism is provided with a heating mechanism for heating by the high frequency induction; while molding the blanks by the molding module, the heating mechanism and the cooling mechanism heats and cools the molding module alternatively in repeating way; the cooling mechanism is composed of the tubes provided in the molding module; while cooling the moldingmodule, the refrigerant is flowing; while heating the molding module, the hollow state is generated without refrigerant.