A radiating, thermal insulating and decorating integrated composite plate is composed of a vacuum insulated panel and a surface layer, and the vacuum insulated panel is sealed inside the surface layer by adopting thermoplastic formation. Raw materials of the surface layer comprise 20 to 40 parts of infrared reflection pigment, 10 to 20 parts of hollow particles with aluminized surfaces, 15 to 25 parts of aerogel, 30 to 58 parts of organic resin, 0.15 to 0.25 part of a wetting agent, 0.3 to 0.4 part of a dispersing agent, 0.2 to 0.8 part of a foam breaking agent, 0.03 to 0.12 part of a corrosion remover, 0.03 to 0.12 part of a mould inhibitor, 0.5 to 1.1 part of a thickening agent, 1.2 to 2.4 parts of a coalescing agent, and 0.3 to 0.15 part of a PH value adjusting agent. The surface layer serves as a decorating layer, a radiating and thermal insulating layer, as well as a protecting layer for an STP or VIP core material, and a high intensity alkali-resisting fiberglass fabric covers a plate surface adhered to a base wall. According to the radiating, thermal insulating and decorating integrated composite plate, the combination of a radiating layer and an thermal insulating layer can be achieved, thermal insulation can be performed from three aspects of stopping heat conduction, preventing thermal convection and preventing thermal radiation, and the thermal insulation effect is improved greatly; moreover, the decorating layer, the protecting layer and the decorating layer are combined into a whole, materials are saved and the construction is simple.