The dynamic thermomechanical properties of wood–plastic composites (WPCs) are influenced by various factors, such as the selection of raw materials and processing parameters. To investigate the effects of different wood fiber content ratios and temperature on the loss modulus of WPCs, seven different proportions of Masson pine (Pinus massoniana Lamb.) and Chinese fir [Cunninghamia lanceolata (Lamb.) Hook.] mixed-fiber-reinforced HDPE composites were prepared using the extrusion molding method. Their dynamic thermomechanical properties were tested and analyzed. The storage modulus of WPCs showed a decreasing trend with increasing temperature. A reduction in the mass ratio of Masson pine wood fibers to Chinese fir wood fibers resulted in an increase in the storage modulus of WPCs. The highest storage modulus was achieved when the mass ratio of Masson pine wood fibers to Chinese fir wood fibers was 1:5. In addition, the loss modulus of the composites increased as the content of Masson pine fiber decreased, with the lowest loss modulus observed in HDPE composites reinforced with Masson pine wood fibers. The loss tangent for all seven types of WPCs increased with rising temperatures, with the maximum loss tangent observed in WPCs reinforced with Masson pine wood fibers and HDPE. A prediction method based on the Extreme Learning Machine (ELM) model was introduced to predict the dynamic thermomechanical properties of WPCs. The prediction accuracy of the ELM model was compared comprehensively with that of other models, including Support Vector Machines (SVMs), Random Forest (RF), Back Propagation (BP) neural networks, and Particle Swarm Optimization-BP (PSO-BP) neural network models. Among these, the ELM model showed superior data fitting and prediction accuracy, with an R² value of 0.992, Mean Absolute Error (MAE) of 1.363, and Root Mean Square Error (RMSE) of 3.311. Compared to the other models, the ELM model demonstrated the best performance. This study provides a solid basis and reference for future research on the dynamic thermomechanical properties of WPCs.