At present, the selection criteria and configuration methods for fireproof clapboards in cable tunnels are not yet perfect, making it difficult to achieve effective fire protection. Therefore, an equivalent fire condition testing method is proposed to analyze the fire-resistant property of fireproof clapboards of different materials. Firstly, a tunnel fire experiment platform was built to carry out the combustion experiment of the high-voltage cable intermediate joint. The cable combustion equivalent fire source device is developed based on the temperature rise characteristics under different combustion conditions. However, the temperature rise characteristics of the equivalent fire source and the actual cable combustion error are within 10%. Then, four typical fireproof clapboards were tested under equivalent fire sources. The results indicate that the organic molded board has the best performance. In addition, factors such as the thickness, side panel height, and installation method of the fireproof clapboards were tested and analyzed. The results indicate that a minimum thickness of 5 mm for the fireproof clapboard and a height of 200 mm for the side panel of the clapboard are necessary to ensure effective protection. The installation method of hoisting fireproof clapboards can effectively extend the protection time by about 30% compared to the flat method.