The invention relates to the field of material-surface modification, particularly to a special material for stainless steel substrates composite coating for a thin valve plate and a preparation method of the special material. According to the special material for the stainless steel substrate composite coating for the thin valve plate, stainless steel metal powder is used as a composite coating bonding phase, and the wear resistance is improved through the introduction of hard-phase particles, wherein the stainless steel metal powder is 316L stainless steel powder, the hard-phase particles are WC, and the composite coating comprises the following elements in percentage by weight: 8-9% of Cr, 5-6% of Ni, 1-2% of Mo, 42-43% of W, 2-3% of C, and the balance of Fe. The wear-resistant corrosion-resistant stainless steel substrate composite coating which is disclosed by the invention, is prepared by a method based on cold spraying, the characteristic of low-temperature deposition of the cold spraying is kept, so that undesirable phenomena, such as decomposition, oxidation, phase transition, crystal grain growth and the like, of the coating material, which are caused by high-temperature deposition techniques, such as laser cladding, hot spraying and the like, are avoided.