The invention discloses a light-emitting diode of a novel structure. The light-emitting diode comprises a transparent substrate, an outwards-extending sheet, a first electrode and a second electrode. The outwards-extending sheet sequentially comprises an n type ohm layer, an n type roughening layer, an n type limiting layer, an active layer, a P type limiting layer, a p type roughening layer and a p type ohm layer. The area of the end face of the n type ohm layer is smaller than that of the end face of the n type roughening layer, the area of the end face of the p type ohm layer is smaller than that of the end face of the p type roughening layer, one side, close to the p type ohm layer and the p type roughening layer, of the outwards-extending sheet is adhered to the transparent substrate through a transparent conductive adhesive layer, the first electrode is connected to the n type ohm layer, the second electrode is connected to the transparent conductive adhesive layer, the outer surfaces of the p type roughening layer and the n type roughening layer are etched to be in the convex-concave shape through corrosive liquid, and the outer end face of the p type ohm layer is further plated with an alloy layer. The invention further discloses a manufacturing method of the light-emitting diode, the light-emitting diode of the novel structure and the manufacturing method of the light-emitting diode effectively reduce loss of emitted light generated by full reflection in the light-emitting diode and improve light-emitting efficiency.