The invention discloses a low-sensitivity ultrafine ammonium perchlorate composite material and a preparation method thereof. The method comprises the following steps: dispersing ultrafine ammonium perchlorate in an organic solvent to form a suspension, modifying the suspension by a bonding agent under stirring, heating and vacuum conditions, coating by using a functional carbon material dispersed in an organic solvent under the stirring, heating and vacuum conditions, processing by using a paraffin/petroleum ether solution, filtering, washing, and drying to obtain the low-sensitivity ultrafine ammonium perchlorate composite material. The method is suitable for preparing low-sensitivity composite materials of various granularities and various morphologies of ultrafine ammonium perchlorate, and has the advantages of simple process flow, mild reaction conditions, good reappearance, high yield, and easy amplified preparation; and the obtained composite material has the advantages of good dispersion, smooth surface, uniform granularity distribution, and obviously reduced bumping sensitivity and friction sensitivity.