The invention discloses a coal ash based wood fiber artificial heat retaining panel and a manufacturing method thereof. The heat retaining panel comprises a raw material, a heat retaining material, and a wood panel. The raw material is formed by the materials in the following parts by weight: 100-120 parts of coal ash, 50-60 parts of wood fiber powders, 120-140 parts of water, 5-15 parts of tackifier, 3-10 parts of crack and permeation resistance agent, 5-10 parts of stabilizer, 20-40 parts of kaolinite, and 10-30 parts of lime putty powders. The heat retaining material is a heat insulation coating and an aerogel felt. The wood panel is a wood plate or a wood veneer. The steps of the manufacturing method comprise mixing and stirring, high-temperature sintering, water mill cutting, and sticking facing, etc. The coal ash is used as a base material to be processed into a door sheet, and the door sheet is added with the wood fiber powders, so as to improve tenacity of a coal ash sintered plate, and enhance plasticity and flintiness, and improve use ratio of coal ash. In a manufacturing process, the heat insulation coating and the material are added, effectively improving heat insulation performance of the door sheet. The manufactured coal ash plate effectively absorbs the heat insulation coating, so the heat insulation coating is fully used.