The invention provides a cable semi-conductive shielding material which belongs to the field of electric cable fabrication technique and a preparation method thereof, and the components of the material and the content thereof are as follows: ethylene-vinyl acetate copolymer or linear low density polyethylene 100 proportion by weight, black carbon 10-50 proportion by weight, anti-oxidant 0.1-5 proportion by weight as well as cross linker 0.1-5 proportion by weight. The method provided by the invention can effectively inhibit accumulation of space charges in insulation material, and improves electric field threshold value of injected space charge, which reduces insulation material electric conductivity increased effect induced by space charge-limited current (SCLC), and the electric field distortion rate in XLPE is only 14-19% under -60kV/mm extra electric field for 60 minutes.