The invention relates to a reflective thermal insulation type waste rock, gravels and natural stone wall decoration plate. The decoration plate comprises a base plate, and a facing layer which is attached on the base plate; the base plate is a high-density cement plate or a calcium silicate plate or a heat preserving plate; the facing plate is prepared from waste stone and gravels, hollow glass beads, vitrified microspheres, rare-earth oxides, rutile, waterborne emulsion, dispersant raw material and water. According to the decoration plate, a large amount of stone resources can be saved, the stone resource consumption can be reduced, and moreover, the perfect real stone feel is achieved, the mass is light, the specification and color are diversified, the safety and environmental protection are achieved, and the color remains permanently; meanwhile, the decoration plate has the reflective thermal insulation effect, so that a building is prevented from absorbing the heat generated by the radiation of sun, that the surface of the building is heated after absorbing the heat generated by the radiation of the sun can be prevented, the heat transmitted into a house can be decreased, and as a result, the requirements on thermal insulation and cooling of an outer wall body of the building, and energy conservation and consumption reduction can be met.