The invention discloses a slitting cutting disc and a preparation method thereof, which belong to the process field of cutters. The slitting cutting disc is of a circle blade, and comprises a center hole, a cutter disc and a blade, wherein the center hole is arranged in the center of the cutter disc, the blade is arranged on an outer ring of the cutter disc, a blade opening is arranged on an outer ring of the blade, and the opening angle delta ( ) of blade opening is 23-27 degrees. The opening thickness h of the blade opening is 0.24-0.26mm. The materials which are made into the slitting cutting disc comprise components with percentage by weight: carbon (C) 1.15-1.33%, nitrogen (N) 0.2-0.4%, manganese (Mn) 0.30-0.40%, silicon (Si) 0.52-1.20%, chromium (Cr) 8.50-10.50%, tungsten (W) 1.50-2.50%, vanadium (V) 0.35-0.50%, molybdenum (Mo) 0.25-0.4%, nickel (Ni) 0.30-0.40%, copper (Cu) <=0.30%, sulphur (S)<=0.020% and phosphorus (P)<=0.027%, and the allowance is ferrum (Fe). The slitting cutting disc has the advantages that the slitting cutting disc is excellent in abrasive resistance and is not easy to deform, and the blade opening resists abrasion, not easy to crack, long in service life and easy to make.