Poisson’s ratio is one of the fundamental features of materials, reflecting the transverse strain response to the applied certain axial strain. The materials with a negative Poisson’s ratio, also known as auxetic materials, are rare in nature and attract lots of research interest because of their unusual mechanical behavior and extensive applications in mechanical nanodevices. Here, we proposed and studied a novel hyperbolic two-dimensional graphene-like structure (GLS) showing a negative Poisson’s ratio behavior by first-principles calculation. The thermodynamic, dynamic, lattice dynamic, and mechanical stabilities of the GLS were carefully studied. In addition, we also explored the electronic structure, mechanical characteristics, and optical-electronic characteristics. The GLS not only displays a negative Poisson’s ratio in certain directions but also shows low-gap semiconductor characteristics and superior electronic conductivity. It is a potential sunscreen material because of the outstanding reflection and absorption for ultraviolet and infrared light.