The invention discloses a thermal insulating decorative ceramic plate produced by comprehensive utilization of perlite waste and a production method thereof. A matrix formula consists of: 25%-100% of perlite micropowder, 20%-80% of expanded perlite micropowder, 2%-25% of Guangdong black mud, 0%-10% of limestone, 0.1%-5% of fluorite, 0.1%-2% of black silicon carbide, 0.5%-15% of bentonite, 0.1%-5% of sodium metasilicate nonahydrate, 0.1%-0.5% of sodium humate, and 0.1%-1.0% of sodium tripolyphosphate. A glaze formula consists of: 50-90% of expanded perlite powder, 50-90% of low temperature frit, 0.1-5% of zinc oxide, 0.1-5% of fluorite, 0-5% of apatite, 0.1-2.0% of sodium tripolyphosphate, 0.5-5% of kaolin, and 0.1-0.5% of sodium methyl cellulose. The production method is characterized by naked firing in a roller kiln at a low temperature of 900DEG C-1050DEG C. After firing, the thermal insulating decorative ceramic plate with a water absorption rate of less than 0.5%, a volume density of less than 500kg/m<3>, a rupture modulus of greater than 3.5Mpa, a thermal conductivity coefficient of less than 0.08/W/(m.k), and a combustion level of A can be obtained.