The invention relates to a flexible polymer solar battery with a wrinkling structure, comprising a transparent electrode, a cavity transporting layer, photo-activation layer materials, an electron transporting layer and a metal electrode, wherein the photo-activation layer materials comprise a donor material and an acceptor material; the transparent electrode is made of graphene/PEDOT(poly(3,4-ethylenedioxythiophene):PSS(polystyrene sulfonate)/PET(polyethylene terephthalate) composite film; the hole transporting layer is made of a PEDOT:PSS film; an electron donor is made of P3HT; an electron acceptor is made of graphene/PEDOT:PSS composite particles; the electron transporting layer is made of a zinc-oxide film; and the metal electrode is made is silver. The flexible polymer solar battery is prepared by the following steps of: adopting an ink-jet printer to print a graphene/PEDOT:PSS transparent conducting layer, the hole transporting layer, active-layer materials, the electron transporting layer and metal slurry on a pre-stretched PET film in sequence, carrying out drying treatment on the materials under the temperature being 50-100 DEG C, then removing pre-stretching force and obtaining the flexible polymer solar battery with the wrinkling structure. The flexible polymer solar battery has the advantages that the sunlight utilization rate is high, the photoelectric conversion efficiency is high, the preparation process is simple and convenient, the mechanical stability is good, large-scale industrial preparation can be realized and the application prospect is wide.