High density, skin effect, and environmental instability are significant limitations that restrict the application of metal-based microwave absorbers in achieving lightweight, high performance, and long service life. This study broke from traditional methods for preparing a microwave absorber Mn2O3-Fe3O4@PPy (polypyrrole) by employing an innovative annealing process to convert metal into metal oxide by the introduction of metal organic framework (MOF), which effectively achieving a more lightweight absorber material with hollow porous nanocube structure. Subsequently, PPy was coated onto the metal oxide surface to form a core-shell structure by a situ chemical oxidation synthesis method. The combination of metal oxide of the hollow porous nanocube structure and the core-shell structure formed by highly conductive PPy shell significantly enhanced heterogeneous interfaces and electromagnetic (EM) wave reflection. Excellent dielectric loss and impedance matching contributed evidently to the ultra-wideband EM wave absorption performance. It was demonstrated that, with a filling amount of only 20 wt%, the prepared Mn2O3-Fe3O4@PPy achieved an effective bandwidth (EAB) of 10.0 GHz at a thickness of 3.08 mm, with EABmax reaching 13 GHz. At a filling amount of only 10 wt%, the reflection loss (RL) was −62.13 dB, achieving an EAB of 7.4 GHz at 2.98 mm thickness, with EABmax reaching 11.4 GHz. Furthermore, the proposed strategy incorporating metal oxide and PPy enhanced corrosion resistance with higher charge transfer resistance.