The application provides an array substrate and a preparation method thereof, and a display device. The array substrate comprises multiple pixel units and a public electrode layer, wherein the pixel units are divided into a transmitting region and a reflecting region; the array substrate of the reflecting region comprises a substrate, a thin-film transistor and a storage capacitor, wherein the thin-film transistor and the storage capacitor are arranged on the substrate, the storage capacitor comprises a metal layer, an interlayer dielectric layer and a reflecting layer laminated at one side ofthe substrate, and the metal layer is close to the substrate; and the public electrode layer is arranged at one side, far away from the substrate, of the storage capacitor, wherein the reflecting layer is connected with the public electrode layer, and the metal layer is connected with an active layer of the thin-film transistor. Since the ambient light can be reflected through the arrangement ofthe reflecting layer in the reflecting region, the power consumption of the backlight source is reduced; and meanwhile, the storage capacitor formed between the metal layer and the reflecting layer can store the liquid crystal pixel voltage, the voltage variation caused by leakage current is reduced, the liquid crystal pixel potential holding capacity can be effectively increased, and a display effect is improved.