The invention discloses a composite protein powder capable of improving immunity and a preparation method thereof. Using soybean protein isolate, concentrated whey protein and phospholipids as main raw materials, stevia is processed into stevia extract at low temperature, which can retain Active ingredients and bioactive ingredients of stevia, high extraction rate, pure flavor, natural color, no licorice taste, scientifically compounded with main ingredients, and added antifreeze polypeptide, dietary fiber powder, bee chrysalis enzymatic hydrolyzate, wheat germ Powder, to prepare a compound protein powder with suitable taste, good solubility, comprehensive nutrition, strong biological activity, suitable for a wide range of people, and capable of improving immunity. The preparation method adopts non-thermal processing technology, which has high work efficiency, low energy consumption, environmental friendliness, no pollution, reduces the introduction of food additives and chemical additives, effectively improves food safety, improves product quality and reduces production costs , achieved the goal of low-carbon production, and can be scaled and industrialized.