To study the high-temperature mechanical properties of potassium magnesium phosphate cement mortar and the high-temperature resistance of its laminates. Potassium magnesium phosphate cement (MKPC) was prepared by using heavy-burning magnesium oxide and potassium dihydrogen phosphate as the main raw materials, borax as the retarder, and compounded with a certain amount of fly ash and silica fume. The effect of the mass ratio of magnesium to phosphorus (M:P), compounded fly ash and silica fume on the setting time and mechanical properties of MKPC was investigated. Furthermore, based on the better M:P, the compressive strength of MKPC mortar was studied after 3 h of constant temperature at 400 °C, 600 °C, and 800 °C, and the effect of fly ash and silica fume on the high-temperature resistance of MKPC was analyzed. The high-temperature resistance of MKPC was further evaluated by analyzing the temperature variation of potassium magnesium phosphate cement laminate during a constant temperature of 650 °C for 3 h. The results showed that the mechanical properties of potassium magnesium phosphate cement were influenced by different raw material ratios, and the mechanical properties of potassium magnesium phosphate cement were optimal when M:P was 2:1, fly ash was 5% and silica fume was 15%. The internal temperature of MKPC laminate increased slowly with time, and its high-temperature resistance was better.