The invention relates to a heat conductive phase-change material which consists of the following components in percentage by weight: 75-90% of heat conductive filler, 2-8% of low-melting-point solid resin, 5-15% of liquid resin, 0.01-1% of an antioxidant and 0.02-2% of a coupling agent, and the phase-change material is prepared through a production method of mixing raw materials, mixing the heat conductive filler, pressing and forming, and cooling. The heat conductive phase-change material, which is prepared by mixing the heat conductive filler, the low-melting-point solid resin, the liquid resin, the antioxidant and the coupling agent, disclosed by the invention has the advantages that the phase-change material is in a shape of flaky solid at room temperature, so that the material is convenient in using and operation and can be directly attached on the surface of a heat-radiating component; when the component runs to the working temperature of the heat conductive phase-change material, phase change occurs and the material becomes soft, so as to wet the surface of the component to a great extent, and contact thermal resistance is reduced to the lowest so as to guarantee a heat conductive interstitial property better than that of heat conductive grease or a graphite flake; in addition, with excellent thixotropy, the material, when being used in a vertical direction, is protected away from circumstance of overflow or flowing.