M-typical SrFe12O19 ferrites and FeNi3 nanoplatelets were successfully prepared by the sol-gel method and solution phase reduction method, respectively. The crystalline and morphology of particles were studied by X-ray diffraction (XRD), field emission scanning electron microscopy (FE-SEM) and transmission electron microscopy (TEM). The composite coatings with SrFe12O19 ferrites and FeNi3 nanoplatelets in polyvinylchloride matrix were prepared. The microwave absorption properties of these coatings were investigated in 2-18GHz frequency range. The results showed that the M-typical SrFe12O19 ferrites and FeNi3 nanoplatelets were obtained and they presented irregular sheet shapes. With the increase of the coating thickness, the absorbing peak value moves to the lower frequency. The absorbing peak values of the wave increase along with the increasing of the content of FeNi3 nanoplatelets filling fraction. When 40% SrFe12O19 ferrites is doped with 20% mass fraction FeNi3 nanoplatelets to prepare composite with 1.5mm thickness, the maximum reflection loss is -24.8 dB at 7.9GHz and the -10 dB bandwidth reaches 3.2GHz.