The invention relates to superparamagnetic electric conductive gamma-iron oxide / polyaniline-lonidamine (gamma-Fe2O3 / PAn-Lon) and a preparation method thereof. The method comprises the following steps of: mixing aniline and a hydrochloric acid solution to obtain a mixed solution which contains sodium dodecyl benzene sulfonate, adding gamma-Fe2O3, stirring, and adding ammonium persulfate, wherein the molar ratio of the ammonium persulfate to the aniline is 1:1; reducing by using ammonia water to obtain eigen polyaniline, washing by using water, and drying in vacuum to obtain gamma-Fe2O3 / PAn; and adding the gamma-Fe2O3 / PAn into a Lon acidic solution, stirring, performing suction filtering by using a vacuum pump, washing by using water, and drying in vacuum to obtain the gamma-Fe2O3 / PAn-Lon. The defects that the treatment effect cannot be limited in the specific cancerous cell, tissue or organ and normal tissue is damaged are overcome; and by the gamma-Fe2O3 / PAn-Lon, the treatment effect can be limited in the specific cancerous cell, tissue or organ, the normal tissue is not damaged, and the specific pathological cell is identified through electric conductivity of an organism in an organism microenvironment, so that the Lon can better enter a lesion site, and the toxic and side effects of the Lon on healthy tissue are reduced.