The invention provides a compound skin care product based on a white wax matrix and a preparation method thereof. The skin care product is prepared from the following raw materials: 0.8-101% of Chinese wax, 0.03-1% of higher alkanol, 2-10% of camellia oleosa seed oil, 1.3-4% of scale collagen peptide, 3-6% of medical Vaseline, 3-8% of glycerol, 0.5-5% of sodium oleate, 0-2% of triethanolamine, 0.5-3% of sodium carboxymethyl cellulose and the balance of water. The skin care product is prepared by the following steps: adding the Chinese wax and the higher alkanol to the camellia oleosa seed oil and implementing water bath; adding a sodium hydroxide / ethanol solution and carrying out saponification; adding the medical Vaseline, the glycerol, the triethanolamine and the sodium carboxymethyl cellulose after melting the water bath, uniformly mixing in the water bath, adding into boiling water and emulsifying, cooling and adding a scale collagen peptide water solution, and uniformly stirring to obtain the compound skin care product. The skin care product disclosed by the invention is good in efficacy, low in side effect and high in safety, and is capable of avoiding possible irreversible damage on skin due to long-term use of chemical synthetics.