The invention relates to a D2D-P multiplexing cellular network communication method capable of increasing a frequency spectrum utilization rate. The method comprises the following steps of S1, establishing a cellular network; S2, according to Hk,m, using an interference alignment method to acquire a solution set of an N row and d column precoding matrix Fm of each D2D-Pm; S3, calculating an interference matrix Hk,mFm of the D2D-Pm to CUk and designing an N row and d column cellular user postposition coding matrix Wk orthogonal to the Hk,mFm; S4, using the interference alignment method based on a minimum mean square error to acquire transmitter precoding matrixes Fm and receiver postposition coding matrixes Gm of all the D2D-Pm and carrying out communication; S5, setting a SINR threshold omegath of the D2D-Pm and determining whether the D2D-Pm is connected to the cellular network; S6, using an improved water injection power distribution method to send power to all the D2D-Pm distribution; and S7, according to results of the step S2 to the step S6, carrying out communication. Compared to the prior art, by using the method, interferences of the D2D-Ps on a cellular user are aligned to a cellular user position; a communication priority of the cellular user is guaranteed; mutual interference among the D2D-Ps is controlled and a D2D-P sum rate is increased.