The invention discloses a heat-resistant anti-impact grinding wheel material. The heat-resistant anti-impact grinding wheel material is prepared from diamond, silicon carbide whiskers, aluminum borate whiskers, potassium titanate whiskers, aluminum oxide whiskers, yttrium oxide, cerium oxide, feldspar, fluorite, modified phenolic resin, polyurethane resin, polyethylene wax emulsion, calcium lignosulphonate, slag, glass fibers, carbon fibers, a pore forming agent and alloy powder. The heat-resistant anti-impact grinding wheel material is reasonable in composition. An obtained grinding wheel is excellent in bending strength, microhardness, impact toughness, wear resistance, heat dissipation performance and heat resistance, not likely to burst apart and high in safety coefficient and meanwhile has the beneficial effects of being high in grinding efficiency and grinding ratio, good in grinding quality, long in service life and the like. Good economic benefits are achieved.