The present invention relates to a precision CNC facing lathe, which comprises a facing head that has slide ways and a feed slide that is mounted in the slide ways on the facing head, wherein, a ball screw feeder that can drive the slide to move in radial direction and a dynamic balancer are arranged on the facing head. The dynamic balancer comprises weight blocks, a weight cable, fixed blocks, and pulleys. The lathe provided in the present invention can absolutely substitute conventional rack-and-gear driven CNC facing lathes, and can improve work piece machining accuracy and machining efficiency.