The invention provides ultra-strength, high toughness and low yield ratio steel, which comprises the following chemical components: 0.05 to 0.12 weight percent of C, 0.15 to 0.50 weight percent of Si,1.0 to 1.5 weight percent of Mn, less than or equal to 0.025 weight percent of P, less than or equal to 0.015 weight percent of S, 0.20 to 0.50 weight percent of Cu, less than or equal to 0.25 weightpercent of Ni, 0.015 to 0.05 weight percent of Nb, 0.015 to 0.045 weight percent of V, 0.010 to 0.050 weight percent of Ti, less than or equal to 0.55 weight percent of Cr, less than or equal to 0.30weight percent of Mo, 0.015 to 0.05 weight percent of Al and the balance of Fe and inevitable impurities. The invention also provides a steel plate manufactured by using the ultra-strength, high toughness and low yield ratio steel and a manufacturing method thereof. The steel plate has excellent mechanical property, has a yield strength of more than or equal to 460 Pa and a yield ratio of less than or equal to 0.80. Moreover, the steel plate has good low-temperature impact toughness and weldability, and is suitable for high steel-structure buildings and other large-scale steel structure fields with low yield ratio requirements.