Hosta ‘So Sweet’, a shade-tolerant Asparagaceae species, displays remarkable high-light tolerance in open-field full-sun cultivation without photoinhibition symptoms. To clarify its growing-season photosynthetic dynamics and adaptive strategies, this study measured diurnal photosynthetic variations from May to September, determined chlorophyll fluorescence parameters and pigment contents in May, July and September, and analyzed the data alongside the light and CO₂ response curves for July. The results showed that the high temperatures combined with high-light conditions in July lowered P_n relative to May and September, but the light saturation point (LSP) reached 1508.99 μmol m⁻² s⁻¹, and the CO₂ compensation point (CCP) was 75.46 μmol mol⁻¹, highlighting the robust light energy utilization and carbon assimilation potential. Meanwhile, PSII maximum photochemical efficiency (Fv/Fm) remained stable under these conditions, indicating undamaged photosystems. Mechanistically, its photosynthetic limitation strategies showed seasonal plasticity: a tight coupling between P_n, stomatal conductance, and humidity in May shifted to a strong association between P_n and photoprotective dissipation (qN) in July, followed by an optimization of light capture linked to increased chlorophyll content and adjusted Chl a/b ratios in September. Taken together, H. ‘So Sweet’ synergistically adapts to growing-season light and temperature fluctuations by integrating light utilization potential, photosystem stability and pigment adjustment strategies. This study preliminarily delineated its photosynthetic physiological profile, revealed core light-adaptive strategies, and provided a theoretical basis for the ecological application of this excellent ornamental cultivar.