The invention relates to a novel cable sleeve peeling device, which is used in the bridge hot extruded polyethylene cable manufacturing. The novel cable sleeve peeling device comprises a base seat (1), a positioning wheel (2), a cutter plate (3), a cutter seat sliding track (4), a finely adjusting screw rod (5), a spring (6), an adjusting block (7) and a finely adjusting knob (8), wherein the base seat (1) is similar to a question mark shape, the positioning wheel (2) is installed at the inner edge of the head of the base seat (1), the positioning wheel (2) can rotate by 90 degrees along the main body of the base seat (1), the cutter seat sliding track (4) is penetrated inside the sliding groove at the rood of the base seat (1), the cutter plate (3) which can rotate by 90 degrees is installed at the front end of the cutter seat sliding track, screw thread is arranged inside the cutter seat sliding track and at the tail part of the cutter seat sliding track, the finely adjusting screw rod (5) is screwed into the screw thread, tight fit connection is performed between the finely adjusting knob (8) and the tail part of the finely adjusting screw rod, the adjusting block (7) is pined at the groove opening of the base seat sliding groove, the lower part of the adjusting block (7) is arranged into a hook shape, the hook is matched with the screw thread of the finely adjusting screw rod (5), one end of the spring (6) is hooked at the front part of the cutter seat sliding track (4), and the other end of hooked at the root part of the base seat (1). The novel cable sleeve peeling device of the invention can avoid the damage to the inner steel wires during the cutting, the operation is simple, the labor intensity can be effectively reduced, and the labor productivity is enhanced.