The invention discloses a color film substrate and a manufacturing method thereof. The color film substrate comprises a substrate body, a color film layer, a shading layer and a common electrode layer, wherein the color film layer is arranged on the substrate body, and the color film layer comprises first color resisting blocks, second color resisting blocks and third color resisting blocks, and each first color resisting block, each second color resisting block and each third color resisting block are from a red color resisting block, a green color resisting block and a blue color resisting block and different from one another; the shading layer is arranged on the color film layer, and the shading layer comprises shading blocks; the common electrode layer is arranged on the shading layer;the position of the intersection between any two of the red color resisting blocks, the green color resisting blocks and the blue color resisting blocks corresponds to the position of the corresponding shading block. By means of the color film substrate, the reflection intensity of a liquid crystal display panel to light in the external environment can be effectively reduced.