The invention provides a novel cutting die capable of automatically discharging waste. The novel cutting die comprises an upper die portion, a lower die portion, a guide rod system, an die opening spring system and a driving device, wherein the guide rod system is connected with the upper die portion and the lower die portion. The upper die portion sequentially comprises an upper die seat, an upper base plate, an upper clamping plate, an upper die plate and an upper stripping plate from top to bottom, wherein punch through holes are formed in the corresponding positions of the upper base plate, the upper clamping plate, the upper die plate and the upper stripping plate, and a punch is arranged in the punch through holes; and the lower die portion comprises a lower die plate, a lower base plate and a lower die seat, wherein positioning protrusions are arranged on the lower die plate; waste discharging holes are formed in the positions, corresponding to the punch, of the lower die plate,the lower base plate, and the lower die seat. The positioning protrusions and a raw material groove which are arranged on the lower die plate are utilized, so that the raw materials of a plastic-absorbing box type product can be prevented from being deformed under the extrusion effect; and meanwhile, the waste discharging holes formed in the lower die plate, the lower base plate and the lower dieseat are utilized, so that the waste can be directly discharged, the follow-up manual waste discharging work is avoided, and the production efficiency is improved.