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This invention discloses a 440MPa grade steel plate with ultra-low temperature toughness and its preparation method, belonging to the field of steel materials technology. It solves the contradiction between insufficient strength and toughness grades and excessive nickel content in existing low-temperature steels. The composition of the 440MPa grade steel plate with ultra-low temperature toughness, by mass percentage, includes: C: 0.030%–0.085%, Si: 0.18%–0.38%, Mn: 0.95%–1.35%, P: ≤0.010%, S: ≤0.003%, Cr: 0.01%–0.25%, Mo: 0.01%–0.15%, Ni: 3.20%–4.25%, Cu: 0.12%–0.85%, Nb: 0.008%–0.035%, Al: 0.02%–0.036%, Ti: 0.008%–0.022%, with the balance being Fe and other unavoidable impurities. The steel plate of this invention exhibits excellent strength and low-temperature toughness.