Cryogenic technology is a vital part of our society, not only in our lives, but also in the field of cutting-edge technology. The research and application of cryogenic technology is involved in many important projects in many countries and even in the world, such as aviation, aerospace, energy, transportation, and medicine. With its high specific strength and high specific modulus, carbon fiber reinforced resin matrix composite materials have gradually become the key material for aerospace vehicles, with significant advantages in reducing structural weight and improving structural efficiency. However, in the ultra-low temperature environment such as liquid hydrogen and liquid oxygen, the overall structure of carbon fiber reinforced resin matrix composites is severely tested by the environment, and it is extremely important to evaluate the mechanical properties of the composites under ultra-low temperature due to the difference of their material structure and properties from those of traditional materials, and the difference of thermal expansion coefficients between the reinforcing material carbon fiber and the resin matrix in rocket fuel. In this paper, the epoxy resin-based composite system was prepared by modifying TDE-85 epoxy resin with low-viscosity cyanate resin through molecular structure design, which is suitable for ultra-low temperature environment. The surface tension and dynamic contact angle of the modified epoxy resin are better than those of the pure epoxy resin, and it can form a good infiltration with carbon fiber and the interfacial properties of the composite are excellent. Secondly, the modified epoxy resin-based composite unidirectional plate was prepared by wet winding molding process, and the low-temperature mechanical property test specimens were prepared according to the relevant test standards. The mechanical properties were tested at −196℃, −150℃, −90℃ and room temperature 25℃ to obtain the low-temperature mechanical properties of the composite system, which provided the basis for the design of the composite system in the ultra-low temperature environment. Finally, the microstructure of the epoxy matrix composites was characterized by SEM method after the different temperature tests. The material structure, morphology, and composition were characterized by field emission scanning electron microscopy (FESEM, M400 FEI) with energy dispersive X-ray spectroscopy (EDS). In this paper, TDE-85 epoxy resin was modified with low viscosity cyanate resin to produce a modified epoxy resin suitable for ultra-low temperature environment, and the process properties of the epoxy resin were characterized. The surface tension of the modified epoxy resin was 43.405 mN/m, which was significantly lower than that of the pure epoxy resin at room temperature of 48.814 mN/m. Therefore, the modified epoxy resin had better flowability and required less time to wet the fibers during the molding process, resulting in higher molding efficiency.