This invention relates to a light emitting diode lamp with high heat-dissipation capacity wherein the lamp has at least one heat-dissipating unit, a plurality of air-flow channels being provided within each heat sink unit, an electrical insulation layer with high heat-conductivity being provided on the surface of the light emitting diode mounted with heat-dissipating unit, a metal circuit being formed on the electrical insulation layer with high heat-conductivity according to demand, at least one light emitting diode being packaged on the metal circuit such that provision of circuit board or coating of heat sink paste become unnecessary for the lamp.