The invention discloses wood processing equipment capable of finely adjusting positions of wood plugs. The wood processing equipment comprises a working table, wherein the inside of the working table has a cavity structure; a conveying belt is arranged on one side of the working table; a first clamping manipulator is arranged on a side surface, which is close to the conveying belt, of the working table; a cross beam is arranged on the working table and is provided with a retractable clamp arm; a base is arranged at a clamping end of the retractable clamp arm; a groove is formed in the base; tracks are arranged at two ends of the upper surface of the base; a second rotating motor of which a rotating end extends into the groove is arranged on the base; and a control box is arranged on the side surface of the working table and is electrically connected with the conveying belt, the first clamping manipulator, the second rotating motor, an infrared distance meter, a wood position coarse adjustment unit, a wood drilling unit and a wood plug implanting perpendicularity detecting unit respectively. The wood processing equipment capable of finely adjusting the positions of the wood plugs has the beneficial effects of simple structure and high practicality.