The invention discloses a circulating water-cooled veneer comprising a base plate. The circulating water-cooled veneer is characterized in that a closed water tube (1) penetrates the base plate, and two ends of the water tube are provided with connecting structures. The veneer can be used with building water circulation systems; the temperature of the plate is regulated through water in the water tube so that the interior temperature of a building is regulated; the temperature can be controlled effectively; the veneer is energy saving, environmentally friendly, and widely applicable to the special fields such as decoration of interior and exterior walls of buildings, independent machine rooms, and base station rooms.