The invention discloses an exterior wall panel with excellent sound-absorbing and fire-proof performance, which comprises a base layer, a sound-absorbing fireproof layer, a plastering mortar layer, a waterproof layer, a decorative coating and a wear-resistant layer; the preparation method of the sound-absorbing fireproof layer is as follows: hydroquinone, Potassium hydroxide and toluene are mixed evenly, and then a toluene solution containing hexachlorocyclotriphosphazene is added dropwise, heated up, kept warm, washed with an alkali solution to obtain an organic phase, then the organic phase is distilled under reduced pressure, dried in vacuum, and recrystallized to obtain material a ; Mix material a and polytetrahydrofuran ether glycol evenly, then add trimethyl-1,6-hexamethylene diisocyanate, fill with dry nitrogen for protection, heat up, keep warm, and cool down to obtain material b; Add trimethylpentanediol, glycerin, bismuth neodecanoate, foaming agent, foaming aid, expanded perlite, palygorskite, diatomaceous earth, glass fiber, flax fiber, zinc borate hydrate, anti-aging agent and Acetone is mixed evenly, coated on the surface of the base layer, then heated up, and kept warm to obtain a sound-absorbing and fire-proof layer.