The invention discloses a fine equiaxed grain Al-Zn-Mg series aluminum alloy and a preparation method thereof. The aluminum alloy comprises elements Zn, Mg, Cu, Ti, B, and the balance Al and inevitable impurity elements. The preparation method comprises the steps of preparing materials, smelting aluminum alloy, spray blowing refining in a furnace, online grain refining, online degassing filtering,semicontinuous casting, ingot casting homogenizing, heating and extruding, online quenching and manual ageing treatment. According to the fine equiaxed grain Al-Zn-Mg series aluminum alloy and the preparation method thereof, the components of the alloy and the preparation technology parameters are optimally designed, so that an Al-Zn-Mg series aluminum alloy extruding material gains a completely-recrystallized fine and uniform equiaxed grain structure; the structure stripes and color difference of an oxide film are removed, and thus the quality of the oxide film of the Al-Zn-Mg series aluminum alloy can be improved; the oxide film is uniform in color, fine in texture, high in glossiness, outstanding in coloring effect, and applicable to manufacturing of various aluminum alloy sheets or tube-bar sections with high requirements on intensity and surface decoration, such as housings, intermediate frames and side frames of various large-screen electronic products.