Abstract: The disclosure provides a low-nickel nitrogen-containing austenitic stainless steel flux-cored wire and a preparation method thereof, and belongs to the technical field of welding materials. The disclosure aims at solving the technical problems of nitrogen element loss, air holes, hot cracks in a welding seam area, and pitting corrosion caused by nitride precipitation in a heat affected area that are easily generated in a welding joint when low-nickel nitrogen-containing austenitic stainless steel is welded in the prior art. The flux-cored wire of the disclosure is prepared from a flux core and a stainless steel sheath. During welding, gas protection is not needed. The flux core is formed by mixing an alloy component and a slag system. The alloy component is formed by mixing electrolytic manganese, ferrosilicon, chromium metal, nickel metal, ferromolybdenum, copper powder and ferrochrome nitride powder in percentage by mass.