The invention provides an array substrate, a preparation method of the array substrate and a display panel and belongs to the technical field of display. The problem that light leakage is produced in a gap between the conventional storage capacitance electrode wire and a data line in the horizontal direction can be solved. According to the array substrate disclosed by the invention, a data line and a shading metal wire insulated with each other are arranged on the same insulating layer, so that even if the data line has offset in the photoetching process, the light leakage phenomenon is avoided due to the existence of the shading metal wire. The shading metal wires on the insulating layers are formed on two sides of the data line, a stepped transition structure is equivalently formed, so that the segment gap on two sides of the data line is improved, a uniform alignment film is formed, and the partial light leakage phenomenon on two sides of the data line is further avoided. In addition, the shading metal wires independently exist between pixel electrode and storage capacitance electrode wires, so that the storage capacitance can be increased, and the picture display quality is improved. The array substrate disclosed by the invention is applicable to various display devices.