The present invention discloses a high temperature resistance high heat conduction PPS/PPO alloy and a preparation method thereof, and belongs to the technical field of polymer materials. The PPS/PPO alloy comprises the following raw materials, by weight, 20-50% of PPS, 8-10% of PPO, 5-8% of a toughening compatibilizing agent, 5-48% of a heat conduction agent, 20-30% of carbon fibers, 0.2-0.5% of an antioxidant, and 0.8-1.5% of a processing aid. The PPS/PPO alloy preparation method comprises: uniformly stirring the heat conduction agent, carrying out stirring mixing on the heat conduction agent and other raw materials (except the carbon fibers), adding the obtained mixture to a zone 1 of a twin-screw extruder (divided into 10 zones), adding the carbon fibers to a zone 10, and carrying out extrusion granulation, drying and injection molding to obtain the product. The high temperature resistance high heat conduction PPS/PPO alloy has characteristics of high heat conduction coefficient, high impact strength, good processing property and the like.