The invention discloses an oil-proof low-
smoke halogen-free 
flame-retardant heat shrinkable 
label sleeve and a preparation method thereof. The 
label sleeve consists of the following components in parts by weight: 60 to 80 parts of matrix resin, 15 to 25 parts of linear low-density 
polyethylene, 5 to 15 parts of 
polymer compatilizer, 32 to 70 parts of phosphorous 
nitrogen series expansible 
halogen-free 
flame retardant, 0 to 30 parts of inorganic 
flame retardant, 3 to 5 parts of 
titanium white powder, 1 to 3 parts of 
lubricant, 0.8 to 2 parts of 
antioxidant and 1 to 2 parts of sensitizer. The preparation method comprises the following steps of: mixing the raw materials uniformly, extruding with a double-screw extruder, drawing, 
air cooling and granulating; extruding into a 
pipe through a screw extruder with a neck mould and a core mould, radiating, expanding, stretching, cooling, 
sizing, printing the 
label by using a 
heat transfer printer to obtain the oil-proof low-
smoke halogen-free flame-retardant heat shrinkable label sleeve. The preparation method is simple; and the product has excellent flame-retardant performance and good oil resistance, produces little 
smoke, permanently preserves the label, and keeps good 
mechanical property, electric insulating performance and 
heat resistance.