The invention relates to the technical field of pipeline engineering, and discloses a CIPP (cured in place pipe) for repairing a trenchless underground pipe network, and a preparation method and application of the CIPP. The CIPP for repairing the trenchless underground pipe network disclosed by the invention comprises a tubular fiber fabric, resin and a curing agent or a reactive diluent, whereinthe resin, the curing agent and the reactive diluent or the reactive diluent fill the fiber fabric; and the CIPP also comprises ultra-high-molecular-weight polyethylene, wherein the ultra-high-molecular-weight polyethylene is ultra-high-molecular-weight polyethylene particles or ultra-high-molecular-weight polyethylene fibers. The ultra-high-molecular-weight polyethylene has high impact strength,high wear resistance and low friction coefficient, so that the ultra-high-molecular-weight polyethylene is adopted as a single filler, then the CIPP can meet various repair performance requirements such as wear resistance, corrosion resistance, impact resistance, self-lubrication and the like, and meanwhile, the effects of simplifying formula, facilitating stirring and saving construction time areachieved. The ultra-high-molecular-weight polyethylene is safe and nontoxic, so that the CIPP provided by the invention can be used for repairing underground pipelines, and can also be used for repairing drinking water pipelines.