The invention provides a high-elasticity high-conductivity beryllium-free copper alloy material and a machining process thereof. The alloying components in weight percentage of the material are divided into two groups as follows: (1) determined components: 90 to 97 percent of Cu, 1.8 to 7.0 percent of Ni, 0.20 to 1.8 percent of Si, 0.20 to 0.40 percent of Zn, and the balance being inevitable impurities, wherein the sum of the weight percentages of the alloying components is 100 percent; and (2) mutually replaceable components: 0.05 to 0.30 percent of Mg or 0.05 to 0.20 percent of Al, 0.05 to 2 percent of Cr or 0.05 to 2 percent of Ti or less than or equal to 0.5 percent of B or 0.05 to 0.2 percent of P or less than or equal to 0.3 percent of one or more than one among La, Ce and Nd, and the balance being inevitable impurities, wherein the sum of the weight percentages of the alloying components is 100 percent. A process flow adopts the following working procedures of proportioning, melting, casting, heating, hot-rolling, dissolving solids, milling surface, blooming, thermally treating deformation, finishing, checking and packaging. The machine process is characterized in the working procedures of proportioning, melting-casting, heating, dissolving solids and thermally treating deformation.