The invention relates to wood cutting equipment with a wood scrap recycling function. The wood cutting equipment comprises a base, a body, a pushing mechanism, a storage box and two supports. A collecting mechanism is arranged in the base and comprises a first motor, a fixing block, a supporting rod, a guiding assembly and two collecting assemblies. Each collecting assembly comprises a lead screw,a movable block and a collecting plate. A compression mechanism comprises a second motor, a vertical rod, a drive wheel, a drive rod, a driven rod, a limiting block and a compression plate. Accordingto the wood cutting equipment with the wood scrap recycling function, the collecting mechanism is used for centralizing wood scraps above the center of the base, then, the pushing mechanism is used for pushing the wood scraps into the storage box, the situation that the wood scraps are scattered in air, and explosion is caused is avoided, and accordingly the practicability and the safety of the wood cutting equipment are improved. The compression mechanism is used for compressing the wood scraps, wood blocks are formed through pressing, the additional value of the wood cutting equipment is improved, and accordingly, market competitiveness of the wood cutting equipment is improved.