The invention provides a manufacturing method of a high manganese high nitrogen low nickel non-magnetic stainless steel and a product thereof. The stainless steel is single phase austenite stainless steel which comprises the following chemical components in percentages by mass: greater than 0 but less than or equal to 0.1% of C, less than or equal to 0.01% of S, less than or equal to 0.015% of P, greater than 0 but less than or equal to 1.0% of Si, greater than or equal to 16% but less than or equal to 18% of Mn, greater than 0 but less than or equal to 2% of Ni, greater than or equal to 10% but less than or equal to 14% of Cr, greater than or equal to 1% but less than or equal to 2% of N, greater than or equal to 0.3% but less than or equal to 1% of Cu, greater than or equal to 0.3% but less than or equal to 5% of Mo, greater than or equal to 0.3% but less than or equal to 1% of Nb and the balance of Fe. The manufacturing method comprises the following steps: heating and smelting raw materials, and performing decarbonization, desulfuration and deoxygenation; raising the temperature to 1600 DEG C and adding nickel; adjusting the temperature of a bath to 1550 DEG C, and adding ferromolybdenum, ferrocolumbium and a metal copper; adding a desoxidant for secondary deoxidization, introducing nitrogen, adjusting the temperature of the bath to 1610-1620 DEG C, and adding nitrogen containing ferrochromium; adjusting the temperature of the bath to 1150-1250 DEG C, introducing nitrogen, adding nitrided ferromanganese, pouring, quenching and air cooling, and machining to form a panel, heating the panel to 650-700 DEG C, keeping the temperature for 30min, and performing furnace cooling to room temperature. The stainless steel through deep punching is still non-magnetic, and needs not to be annealed and demagnetized. The manufacturing method is high in nitrogen-increasing efficiency and low in loss of equipment.