Knowledge graph representation learning aims to provide accurate entity and relation representations for tasks such as intelligent question answering and recommendation systems. Existing representation learning methods, which only consider triples, are not sufficiently accurate, so some methods use external auxiliary information such as text, type, and time to improve performance. However, they often encode this information independently, which makes it challenging to fully integrate this information with the knowledge graph at a semantic level. In this study, we propose a method called SP-TAG, which realizes the semantic propagation on text-augmented knowledge graphs. Specifically, SP-TAG constructs a text-augmented knowledge graph by extracting named entities from text descriptions and connecting them with the corresponding entities. Then, SP-TAG uses a graph convolutional network to propagate semantic information between the entities and new named entities so that the text and triple structure are fully integrated. The results of experiments on multiple benchmark datasets show that SP-TAG attains competitive performance. When the number of training samples is limited, SP-TAG maintains its high performance, verifying the importance of text augmentation and semantic propagation.