The invention discloses a flame-retardant PP (propene polymer) foaming plate and a preparation method thereof. The flame-retardant PP foaming plate comprises, by weight, 85-100 parts of polypropylene, 40-60 parts of brominated polystyrene, 34-48 parts of aluminum ash, 25-35 parts of red mud, 20-30 parts of chlorinated polypropylene, 17-23 parts of dawsonite, 19-27 parts of oil shale residues, 10-15 parts of decabromodiphenyl ether, 2-3 parts of p-toluenesulfonhydrazide, 8-14 parts of antimony phosphite, 5-10 parts of zinc aluminate, 5-10 parts of ferrocene, 10-15 parts of ammonium phosphomolybdate, 12-18 parts of pentaerythritol bis-dimethyl silicate ester, 1-2 parts of trihydrazine s-triazine, 3-6 parts of dibasic lead stearate, 4-9 parts of citric acid and 11-17 parts of ethylhexyl diphenyl phosphate. According to the foaming plate, the brominated polystyrene, the decabromodiphenyl ether, the dawsonite, the pentaerythritol bis-dimethyl silicate ester and the like are added and serve as flame retardants, the zinc aluminate, the ferrocene, the ammonium phosphomolybdate and the like are added and serve as smoke suppressants, the raw materials mutually cooperate, the oxygen index of the PP foaming plate is improved, the smoke amount of the PP foaming plate is reduced, and physical and mechanical properties of products cannot be affected.