The invention relates to the field of forming equipment, in particular to a cold rolling forming machine and a U-shaped suspension arm plate manufacturing method.The cold rolling forming machine comprises a finishing workbench, a lower die and a plate are arranged in the center of the upper end of the finishing workbench, the plate is arranged at the upper end of the lower die, and an upper die is arranged at the position, located at the upper end of one side of the lower die, of the plate. The method shortens the elastic recovery time, prolongs the rolling time, has good effects of inhibiting stress release, improving plastic deformation and keeping rolling stability, can adapt to material performance changes in a certain range through bend angle adjustment, eliminates internal stress generated by strong rolling after normalizing treatment, and improves the rolling quality. Thermal deformation caused by heat treatment is treated in the finishing section, and the section, longitudinal bending and transverse bending of the profile are further corrected, so that the internal stress of the material of the forming section is effectively controlled, the end springback caused by placement after cutting is reduced, and the new process can meet the production of the U-shaped suspension arm.