The invention discloses a novel on-line continuous preparation profile control oil displacement device which comprises an incoming water decompression system, a disperse dissolution system and an automatic control system. The incoming water decompression system comprises a high-pressure end and a low-pressure end; the high-pressure end is connected with a water storage tank through a high-pressure water supply pipeline provided with an adjusting valve A; a water level indicator is arranged at the bottom of the water storage tank; the low-pressure end is composed of a centrifugal pump, a filter, an adjusting valve B and a flowmeter A which are sequentially connected through water supply pipelines; the disperse dissolution system comprises a hopper, an unloader, an airtight funnel, a powder air pipeline, a hydraulic jet device and a dissolution tank; and the automatic control system is composed of a programming module, a DCS system, an adjusting valve, frequency conversion equipment and a flowmeter. According to the novel on-line continuous preparation profile control oil displacement device, higher working condition adaptability, control stability and using safety are achieved, on-line preparation of a high concentration polymer solution is achieved, meanwhile, preparation processes for multiple aspects can be achieved, a wider system selective space is achieved accordingly, and the purpose of reducing system selective cost is achieved.