I have quite a few similar modules, but just bucks or boosts, and a couple have a pseudo-current regulation using a PCB trace low side resistor, and a cheap (LM358) opamp. So I assume those multiturn trimmers on there are for setting output voltage and current limit/regulation.
Nevermind, found this:
https://www.electronicspoint.com/attachments/lm2596lm2577_p04-jpg.17900/So it appears it is meant for (lead acid) battery charging from a wide input voltage. My point is, its not simply a buck, or a boost, or even two separate modules, but what someone considers a reasonable "module" for charging lead acid batteries. I wouldn't think the current regulation is accurate, but often it doesn't' have to be. These sorts of modules do work, but not much thought has gone into them before they are mass produced.
I'm not going to bash 'chinese stuff' because well, china produces a vast range of quality from the laughable to the highest quality. Often we see stuff at the lower end. But most of the single bucks/boost modules I have work just fine - albeit with a fair ammount of ripple on the output, but considering they cost <$2 US, I can't complain.