Submicron spherical zinc powders with high surface area, activity and low cost were prepared by DC arc plasma evaporation method. Based on the characterization of morphology, particle size and composition of ultrafine zinc powder, the effects of addition amount of PTFE and compounding of PTFE with PAAs and CMCs, electrolyte addition amount, compound mass ratio of flake and spherical zinc powder on the discharge performance of zinc electrode had been systematically studied. The results showed that ultrafine zinc powder was polycrystalline, spherical and its purity reached 99.96wt%. Under 0.2C, the discharge capacity reached 577.5mAh when addition of PTFE was 10wt.%. When 2.5wt.% PTFE was compound with 6.5wt.%(PAAs: CMCs = 2:1), the discharge capacity improved which reached 613.4 mAh. The discharge capacity was 580.3mAh when the electrolyte content was 38wt.%. When the mass ratio of special flake zinc powder to spherical zinc powder was 3:7, the discharge capacity reached 664.1 mAh, it was 13.5% higher than 584.9 mAh of pure spherical zinc powder and 22.6% higher than 541.5 mAh of pure flake zinc powder. Under 1.8C, compared with alkaline manganese battery prepared using flake zinc powders, the mass specific capacity increased by 57.12% and the volume specific capacity increased by 187.79%.