The invention discloses a method for producing eucalyptus wood plywood by adopting insect-proof and mildew-proof composite urea formaldehyde resin. The method comprises the following steps of: wood slab rotating, veneer drying, gluing, tertiary cold-pressing, standing and maintaining, tertiary hot-pressing, radiating and maintaining, and slab fixed-thickness sanding. The key point of the production method is that insect-proof and mildew-proof composite urea formaldehyde resin, which is prepared by taking melamine modified urea formaldehyde resin as an adhesive main ingredient, adding oxidized starch as a viscous complexing agent, taking polyvinyl alcohol as a flexibilizer, taking hydrogenated rosin as an antioxidant, taking polyisocyanate as a curing agent, taking triethoxyisobutylsilane as a bridging agent, taking phenolation lignin as a formaldehyde catching agent and adding an insect-proof and mildew-proof agent, is adopted. Solid wood composite floor produced by adopting the insect-proof and mildew-proof composite urea formaldehyde resin has the advantages of low formaldehyde residual amount and good insect-proof and mildew-proof effect, has relatively strong inhibiting effect on breeding of aspergillus, trichoderma and blue mould, and has instantaneous kill-down capacity and long-acting prevention effect on powder post beetles of wood slab.