The author proposed the mutual energy theorem in 1987 and the mutual energy theory since 2017. The theory of mutual energy has an axiom more than Maxwell's equations, that is, the law of conservation of energy. The conservation of energy law is not Poynting's theorem, but an extension of the mutual energy theorem. Because of this new axiom, the new axiom conflicts with Poynting's theorem. In fact, it is also a conflict with Maxwell's electromagnetic theory. The author believes that the law of conservation of energy should be adhered to, so Poynting's theorem or Maxwell's classical electromagnetic theory should be appropriately modified. These works have been completed by the author in other papers. Recently, when studying the magnetic quasi-static electromagnetic field, the author found that the electromagnetic energy conservation law proposed by the author can be strictly proved in the magnetic quasi-static electromagnetic field environment. This is a great inspiration to the author. Based on the theory of magnetic quasi-static electromagnetic field, the author strictly proves the law of conservation of energy (mutual energy theorem) and the mutual energy flow theorem proposed by the author, and applies this theory to calculate the energy flow from the primary coil to the secondary coil of transformer. In order to simplify the problem, the author only calculates the mutual energy flow between two parallel current elements. The calculation results show that the mutual energy flow is generated on the primary coil and annihilated on the secondary coil. The properties of mutual energy flow are completely consistent with those of photons. It is also close to the photon model in Cramer's transactional interpretation of quantum mechanics. The author believes that the transmitting antenna is consistent with the primary coil of the transformer, and the receiving antenna is consistent with the secondary coil of the transformer. The author believes that for the theoretical generalization from magnetic quasi-static electromagnetic field to radiated electromagnetic field, the law of conservation of energy, the theorem of mutual energy flow and the time average value of self energy flow should be kept at zero. In this way, a new electromagnetic field theory which is different from Maxwell's electromagnetic theory is obtained. Maxwell's electromagnetic field theory adds displacement current, but it makes formulas such as the energy conservation law problematic in the case of radiation field. Maxwell's electromagnetic field theory and mutual energy theory provide the same electric field, but the far-field part of the magnetic field (i.e. radiated electromagnetic field) is different. In addition, the electromagnetic mutual energy theory proposed by the author believes that the charge of the receiver produces an advanced wave. Advanced wave violates today's causality, but it is an objective physical existence.