The invention discloses an ultra-thin broad-width wear-resistant steel plate and a method for producing the steel plate in large compression ratio. The method comprises the following steps: a continuous casting billet is heated, wherein the heating temperature is between 1,180 DEG C and 1,250 DEG C, and the soaking time is not less than 40 min; rough rolling and finish rolling are performed on the heated continuous casting billet, so that the steel plate with the thickness of 5-8 mm and the width of 3,000-4,000 mm is obtained, in coarse rolling, under the condition that the temperature is higher than 1,110 DEG C, perfect re-crystallization rolling is performed, and the thickness of the continuous casting billet to be heated is 5-10 times bigger than that of a finished product; in the finish rolling, initial rolling temperature is more than or equal to 1,000 DEG C, the finish rolling temperature is more than or equal to 800 DEG C, the rolling is performed at 5-11 gates, and the ratio of the thickness of the continuous casting billet to the thickness of the steel plate is 30-35; air cooling is performed on the rolled steel plate; quenching treatment and tempering treatment are performed on the cooled steel plate, in the quenching treatment, the steel plate is heated to Ac3+(0-70) DEG C and between 860-950 DEG C, heat preservation is performed for 5-20 min, water quenching is performed, and Ac3 refers to the temperature after austenitic transformation during the heating; in the tempering treatment, the steel plate is heated to 150-350 DEG C, heat preservation is performed for 10-20 min, and then air cooling is performed. The method is high in processing efficiency, and the product with HBW330-510 grade can be obtained.