Numerical simulation are conducted to explore the characteristics of the axial inflow and related aerodynamic noise for a large-scale adjustable fan with the installation angle changing from −12° to 12°. In such a range the maximum static (gauge) pressure at the inlet changes from −2280 Pa to 382 Pa, and the minimum static pressure decreases from −3389 Pa to −8000 Pa. As for the axial intermediate flow surface, one low pressure zone is located at the junction of the suction surface and the hub, another is located at the suction surface close to the casing position. At the outlet boundary, the low pressure is negative and decreases from −1716 Pa to −4589 Pa. The sound pressure level of the inlet and outlet noise tends to increase monotonously by 11.6 dB and 7.3 dB, respectively. The acoustic energy of discrete noise is always higher than that of broadband noise regardless of whether the inlet or outlet flow surfaces are considered. The acoustic energy ratio of discrete noise at the inlet tends to increase from 0.78 to 0.93, while at the outlet it first decreases from 0.79 to 0.73 and then increases to 0.84.