The invention discloses a non-oriented electrical steel plate with high magnetic induction and low iron loss, and a manufacturing method thereof, wherein the weight percentage of the chemical components of the steel plate is as follows: less than or equal to 0.004 % of C, 0.1-1.6% of Si, 0.02-1.0% of Mn, less than or equal to 0.003% of S, 0.1-0.6% of Al, less than or equal to 0.003% of N and less than or equal to 0.0015% of Ti, wherein Si+Al is between 0.2-2.0%, and Mn, Si and Al satisfies the following formula: Mn=K2*Si+K3*Al+a, k2=0.08-0.11, k3=0.17-0.38; a is a constant and the balance is Fe and unavoidable impurities. The non-oriented electrical steel plate with high magnetic induction and low iron loss has 1.70-1.78T of magnetic induction B50 and 3.59-5.5W/kg of iron loss P15/50, has good surface state and is relatively low in manufacture cost without intermediate normalizing or batch annealing, has high magnetic induction, low iron loss and no corrugated defect, and has a magnetic induction B50 0.02T higher and an iron loss P15/50 0.2W/kg lower than those of a normal non-oriented electrical steel plate with same license number.