Abstract: Disclosed herein is a method for preparing oxytitanium phthalocyanine as a charge generating material. The method comprises the steps of mixing 30˜100 wt % sulfuric acid and an oxytitanium phthalocyanine crude in a mixing ratio between 100:1 and 1:1, homogeneously grinding the mixture in a wet grinder filled with zirconia or glass beads as grinding media at ?20° C.˜60° C. for 0.1˜24 hours, and removing the grinding media from the ground mixture using a solvent. According to the method, oxytitanium phthalocyanine usable as a high-quality charge generating material can be prepared without the use of expensive and difficult-to-handle reactants, such as trifluoroacetic acid and pentafluoropropionic acid. Further disclosed is an oxytitanium phthalocyanine charge generating material prepared by the method.