The invention discloses a preparation method of submicron anisotropic samarium-iron-nitrogen magnetic powder and a hybrid bonded magnet thereof. Prepare samarium-iron alloys by quick-setting flake technology, and make them undergo gas-solid phase reaction in nitrogen or a mixed gas of nitrogen and hydrogen to form samarium-iron-nitrogen alloys, followed by jet milling and / or ball milling to obtain particle sizes between 0.01 and 3 μm Anisotropic SmFeN single crystal particle magnetic powder. Further, SmFeN single crystal particle magnetic powder is used as the first component and the second component composed of permanent magnet ferrite, rapidly quenched isotropic NdFeB, anisotropic NdFeB, SmCo and / or NdFeN The two components are mixed into hybrid magnetic powder, and the hybrid bonded magnet is prepared by calendering, molding, extrusion or injection after adding processing aids. The samarium-iron-nitrogen magnetic powder prepared by the present invention has high magnetic energy product, residual magnetism and intrinsic coercive force, low cost, small particle size, and the corresponding hybrid bonded magnet can play the advantages of different component magnetic powders, and has high forming degree and mechanical strength. , and good temperature performance.