By revolutionizing the cutting raise construction process, the cutting slot raise boring rig employs mechanized advancing to replace the traditional drilling-and-blasting method for cutting raises. No concrete foundation pouring is required, achieving "ready-to-use upon arrival." It enables safe, intelligent, green, and efficient raise boring construction in upward, downward, and multi-angle directions within the same sublevel, significantly reducing auxiliary time for equipment transfer and transportation. Additionally, the equipment features the pilot-reaming function of a conventional raise boring rig, offering multi-purpose capability in a single machine.