The invention relates to a high-precision graphite engraving and milling machine with an automatic waste recycling function. The high-precision graphite engraving and milling machine comprises a machine body and a bearing table, wherein a transverse plate is fixed at the top end of the outer side of the machine body, the bearing table is arranged at the top of the upper end of the machine body, the lower end of the machine body is connected with a base, a first sliding block is distributed on the two sides of the base, the base is welded with the machine body, a beam column is arranged at thetop end of the first sliding block, slide ways are inlaid in the two sides of the upper end of the base, filter discs penetrate through the two sides of the slide ways, and wing plates are fixed on the two sides of the filter discs. According to the high-precision graphite engraving and milling machine, the machine body and the base are arranged, a welding integrated structure is arranged betweenthe machine body and the base, the machine body is horizontally distributed through the base, the machine body and the base are made of stainless steel materials, and the machine body and the base arearranged in a horizontal shape, so that the whole device can be effectively ensured to operate in a normal state when the whole device runs.