High-temperature resistant water-borne flashing coating used for photo frames is disclosed. Raw materials of the coating include water-borne resin, hydroxy-containing polyacrylate emulsion, a cellulose acetate butyrate solution, amino resin, iron oxide red, iron oxide yellow, pearl powder, lauryl mercaptan, dimethyl ethanolamine, triethylamine, triethanolamine, 2-amino-2-methyl-1-propanol, ammoniacal liquor, glycidyl acrylate, 2-butoxyethanol, aqueous aluminium powder, charcoal powder, talcum powder, sodium bicarbonate, glass fibers, vermiculite powder, perlite powder, EVA wax, polyethylene wax, nanometer titanium dioxide, a water-borne polyisocyanate curing agent, a wetting agent, a dispersant, a defoaming agent, a levelling agent and an anti-settling agent BYK-420. The flashing coating has excellent resistance to high temperatures.