The invention discloses a chemi-mechanical pulp manufacturing technology which includes the step of wood chip washing, the step of extruding and dipping, the step of pulp grinding, bleaching and pulp washing, the step of screening, purifying and regrinding of pulp residues, the step of pulp condensation and storage, the step of water circulating use and the step of chemical application and control. In the step of extruding and dipping, the extruding and dipping technology and an extruding and tearing device are used, heated and softened wood chips are evenly squashed in the texture direction, air in the wood chips and extracts affecting bleaching are discharged, it is ensured that the wood chips evenly absorb bleaching chemical liquid to be in a saturated state, fibers are promoted to be in the best moist and expanded state, and accordingly separation of the wood chips and fibrillation of the fibers are facilitated. The chemi-mechanical pulp manufacturing technology is wide in raw material application range and successfully combines the advantages that chemical pulp is high in strength and mechanical pulp is high in yield, produced bleached pulp can be used for newsprint, high-grade toilet paper, facial tissues, high-grade culture and printing paper, coating paper, light paper, white paper boards, food package paper and the like, and development prospects are wide.