The invention discloses a green phthalocyanine compound having a structure represented by a formula (I). The structure of the precursor of the green phthalocyanine compound is represented by a formula(II). Under the protection of nitrogen, the precursor represented by the formula (II), metal salts, and a solvent are added into a dry reaction bottle, the dry reaction bottle is vacuumized, then nitrogen is filled into the dry reaction bottle; under the protection of nitrogen, a catalyst is added, and the reaction bottle is heated to a temperature of 100 to 190 DEG C to carry out reactions for 1to 20 hours under the protection of nitrogen to prepare the phthalocyanine compound represented by the formula (I). During the synthesis process, no halogenation reaction is needed, thus the safety of the synthesis process is high, and the environmental load is low. Moreover, the solubility of the green phthalocyanine compound is high, can be used as a novel soluble dye, and is capable of being dissolved in a molecule form. The technical process is largely simplified. At the same time, the dye can be made into a uniform solution, the light scattering caused by insoluble pigment particles is avoided, and high resolution and high contrast are realized.