The invention discloses a cathode electrode composite material, which comprises a plurality of ferriferous oxide particles and a conductive aid which is selected from copper, cobalt, nickel, tin, antimony, bismuth, indium, silver, gold, lead, cadmium, carbon black, graphite, cupric salt, cobalt salt, nickel salt, tin salt, antimonic salt, bismuth salt, indium salt, silver salt, gold salt, lead salt, cadmium salt, cupric hydroxide, cobalt hydroxide, nickel hydroxide, tin hydroxide, stibine hydroxide, bismuth hydroxide, indium hydroxide, silver hydroxide, gold hydroxide, lead hydroxide, cadmium hydroxide and a group consisting of the combinations. When applied to an electrochemical device, the cathode electrode composite material can show high charging and discharging characteristics and high electric capacity. Moreover, the invention provides a preparation method of the cathode electrode composite material and an electrochemical device applying the same.