The invention relates to the field of electromagnetic wave shielding, in particular to a composite coating electromagnetic shielding paint and a composite coating electromagnetic shielding material prepared therefrom. The composite coating electromagnetic shielding paint comprises a conducting layer paint with a reflection function and a wave-absorbing layer paint with an absorption function, wherein the reflecting layer paint comprises the components of polymer emulsion, a conducting filler, a coupling agent, a defoaming agent, a wetting agent, a film forming assistant, a thickening agent and water; and the wave-absorbing layer paint comprises the components of polymer emulsion, a wave-absorbing filler, a coupling agent, a defoaming agent, a wetting agent, a film forming assistant, a thickening agent and water. The invention also discloses a composite coating electromagnetic shielding material prepared by coating the paint. The material is prepared by the steps of firstly coating the conducting layer paint on the surface of a base material, drying, then coating the wave-absorbing layer paint and the like. In the invention, the electromagnetic shielding material prepared by using the mode of compounding the wave-absorbing layer with the reflecting layer effectively reduces secondary pollution caused by the reflection of electromagnetic radiation and has wider shielding wave band in comparison to a pure wave absorbing coating; and the use of water emulsion reduces the production of harmful volatile matters and guarantees body safety.