The invention relates to a high-catalytic activity composite negative electrode material of an intermediate-temperature solid oxide fuel cell and a preparation method of the composite negative electrode material, and belongs to the technical field of an energy material. The composite negative electrode comprises a perovskite structured oxide PrBa<1-x>Co<2>O<6-Delta>, Pr<1-y>BaCo<2>O<6-Delta> or Pr<1-n>Ba<1-m>Co<2>O<6-Delta> in the absence of A-position cation and an oxygen ion conductor material Sm<0.2>Ce<0.8>O<1.9> or Gd<0.1>Ce<0.9>O<1.95>, wherein the mass percent of the oxygen ion conductor material accounts for 20-50%. The preparation method of the composite negative electrode material comprises the following steps of firstly, respectively preparing synthesis solutions of two constituents; secondly, mixing and uniformly stirring the two solutions to obtain a mixed synthesis solution of the two constituents, and heating the mixed synthesis solution to obtain mixed precursor gel; and finally, carrying out high-temperature sintering reaction to obtain composite negative electrode powder. The composite negative electrode material is prepared by a synchronous sintering reaction method, the preparation method has the advantages of simplicity in process, short preparation period, low cost and high efficiency, and is easy to operate, and the oxygen reduction catalytic activity of the negative electrode of the intermediate-temperature solid oxide fuel cell is effectively improved.