The invention discloses a freezing-tolerant crack-resistant coating for exhaust equipment. The coating is made from the following raw materials: coal ash, an organosilicon-modified acrylic resin, toluene diisocyanate, zinc oxide, butyl cellulose, butyl acetate, an antifoaming agent BYK535, polyurethane, aluminium powder, silicon carbide powder, styrene, azodiisobutyronitrile, waterborne polyurethane, glycol, sodium dodecyl sulfate, a silane coupling agent a171, nanometer silica, a zirconia sol and a proper amount of absolute ethanol. The coating has preferable fouling resistance, alkali resistance, aging resistance and washing resistance, and has excellent freezing tolerance and crack resistance, and therefore can be used in the low-temperature environment. The equipment is protected, the service life of the equipment is prolonged, and thus the coating has high practical value.