The invention relates to an efficient annular vacuum coating device for a fuel cell metal bipolar plate. The efficient annular vacuum coating device comprises a vacuum chamber, an ion source, target materials, a workpiece frame, a workpiece frame transmission system, a vacuum system, an isolating system and an electronic control system. According to the efficient annular magnetron sputtering device, compared with an original circular cavity, the areas, irrelevant to coating, in the center of the chamber are omitted, the effective use volume ratio of coating is increased, the air pumping time is shortened, and the coating efficiency is improved; secondly, the opposite-target sputtering mode is adopted, a substrate does not rotate, the constant target-substrate distance is kept, and uniformity of coating is facilitated; at the same time, the distance between two targets is shortened, the round larger chamber can better form a closed magnetic field, and enhancement of film base binding force is facilitated; and at the same time, the annular chamber can be divided into a plurality of branch chamber bodies, the pair of target materials of the same type is mounted in each branch chamberbody, and multilayer composite coatings can be deposited on the substrate surface. Compared with the prior art, the coating efficiency is high, the film layer quality is good, the yield is high, and the great significance is achieved on industrialization of the fuel cell metal bipolar plate coatings.