A Cr—Mn—N austenitic heat-resistant steel is provided. The heat-resistant steel comprises, in weight percentage, carbon 0.20% to 0.50%, silicon 0.50% to 2.00%, manganese 2.00% to 5.00%, phosphorus less than 0.04%, sulphur less than 0.03%, chromium 20.00% to 27.00%, nickel 6.00% to 8.00%, molybdenum less than 0.50%, niobium less than 0.60%, tungsten less than 0.60%, vanadium less than 0.15%, nitrogen 0.30% to 0.60%, zirconium less than 0.10%, cobalt less than 0.10%, yttrium less than 0.10%, boron less than 0.20%, with the balance iron. The heat-resistant steel has high temperature strength, high thermal conductivity, low thermal expansion coefficient, good dimensional stability, good ductility, heat resistance, impact resistance, and low production costs, and meets the requirements for high performance engines.