The invention relates to the field of slow/controlled release fertilizer, in particular to a urea-formaldehyde-based multi-nutrient slow/controlled release fertilizer and a preparation method thereof. The urea-formaldehyde-based multi-nutrient slow/controlled release fertilizer comprises ammonium polyphosphate, inorganic silica gel and urea-formaldehyde, wherein the phosphorus-oxygen double bond of ammonium polyphosphate can at least form hydrogen bond linkage with a urea-formaldehyde molecule chain, the hydroxyl group of the inorganic silica gel can at least form hydrogen bond linkage with the urea-formaldehyde molecular chain, and ammonium polyphosphate, inorganic silica gel and urea-formaldehyde together form a hydrogen bond associated polymer network structure. The invention can prepare a urea-formaldehyde-based multi-nutrient slow/controlled release fertilizer comprising a strong hydrogen bond network structure by using a conventional aqueous solution polymerization in combination with a normal temperature extrusion granulation process, avoiding the coating process in the latter stage of the preparation of a coated fertilizer, achieving a simple and effective preparation process, and saving a lot of manpower and material resources. The urea-formaldehyde-based multi-nutrient slow/controlled release fertilizer provided by the invention can stably and continuously release nitrogen nutrient throughout the release period, thereby making up for the shortcoming of excessively long nutrient release period of the existing urea-formaldehyde fertilizers.