Two-dimensional layered material MoS2 was used as a high-resistance insulating material and coated on FeSiCr magnetic powder, and FeSiCr/MoS2 composites with low loss and high permeability were successfully prepared. The morphology and magnetic properties of FeSiCr/MoS2 composites were analyzed by XRD, SEM and B-H analyzer. The results show that although the addition of MoS2 will dilute the magnetic properties of FeSiCr, it still has high permeability and obviously reduces the magnetic loss of FeSiCr powder. At the same time, the addition of MoS2 also improves the frequency stability and quality factor of the composite powder cores. Especially, when the MoS2 content is 1.5 wt%, FeSiCr/MoS2 composites show the best magnetic properties after annealing at 500 ℃. with a loss of 330 mW/cm3 and permeability of 66.75 (Bm =20 mT and f =1000 kHz). It can be seen that the MoS2 coating has a good effect on reducing the magnetic loss of powder core, which significantly improves the possibility of application of SMCs at high frequency.