The invention discloses a low-temperature sintering high-heat conduction ceramic paint suitable for metal base material and a preparation method and an application thereof. The paint comprises the following raw materials: low-temperature molten glass powder, iron oxide red, copper-chrome black, cerium dioxide, boron nitride, iolite micro powder, alumina micro powder, chromium sesquioxide micro powder, 20-50% of silicon aluminium sol, 0.5-3% of an auxiliary agent, and the balance of water. The method comprises the following steps: a metal matrix is processed, then the surface of the metal matrix is uniformly coated with a paint and dried in shade; and the coated metal matrix is heated at the temperature of 650-900 DEG C to form the low-temperature sintering high-heat conduction ceramic paint. The paint has the advantages of easy acquisition of the raw materials and low cost, is tightly combined with the metal matrix, has effective high temperature oxidation resistance, acid corrosion resistance and abrasion resisting effects of a heating furnace flue heat exchanger on a metal heat exchanger, ceramic coating surface is smooth and clean, slag buildup of the heat exchanger is effectively reduced, the service life of the metal heat exchanger is prolonged, and the heat exchange efficiency effect is increased.