The invention relates to a pesticidal composition in the field of pesticide compounding. Active ingredients, namely a novel quinazoline pesticide of pyrifluquinazon and a diacylhydrazine pesticide, are subjected to binary mixing, and the weight percentage ratio of the two active ingredients is 1:90-90:1, preferably (5-50):(60-5); and the pesticidal composition contains 1 to 90 mass percent of active ingredients, preferably 5 to 60 percent and the balance of auxiliary elements which are allowed to be used and acceptable in pesticides, and can be prepared into missible oil, a suspending agent, wettable powder, water dispersible granules, emulsion in water, and microemulsion. After the novel quinazoline pesticide of pyrifluquinazon and the diacylhydrazine pesticide are subjected to binary mixing, the pesticidal composition has an obvious control effect on lepidoptera such as plutella xylostella, beet armyworm, prodenia litura, cotton bollworm, striped rice borer, mealybugs and the like, and sucking mouthparts pests of homoptera, such as plant hopper, aphid, mealywing, leafhopper and the like.