The invention discloses compound fertilizer capable of improving peach quality. The compound fertilizer is prepared from the following raw materials in parts by weight: 40-60 parts of urea, 10-20 parts of monoammonium phosphate, 5-12 parts of triple superphosphate, 10-30 parts of monopotassium phosphate, 10-18 parts of potash magnesium sulphate fertilizer, 40-80 parts of rape seed cake, 5-15 parts of fermented tobacco stem, 4-10 parts of plant ash, 10-20 parts of straw, 10-18 parts of cottonseed meal, 5-12 parts of wheat bran, 10-20 parts of humic acid compound medical stone, 2-4 parts of bamboo charcoal, 1-3 parts of oil shale, 2-8 parts of coal gangue, 2-4 parts of decomposed coal, 0.15-0.6 part of zinc sulfate, 0.1-0.6 part of ferrous sulfate, 0.2-0.8 part of ammonium molybdate, 0.1-0.8 part of boracic acid and 2-8 parts of carboxymethylcellulose.