Abstract Rechargeable magnesium metal batteries (RMBs) have recently attracted increasing attention due to their high theoretical volumetric capacity and inherent safety. However, the development of suitable cathode materials remains a major challenge. Conjugated coordination polymers (CCPs) are attractive cathode materials for energy storage due to their stable redox‐active frameworks and intrinsic electronic conductivity. However, the Mg 2+ storage mechanisms of CCPs remain poorly understood, and the application of CCPs as cathodes for RMBs has been seldom reported. Herein, a series of 1D CCPs based on 2,5‐dihydroxy‐1,4‐benzoquinone (DHBQ) coordinated with Ni 2+ , Mn 2+ , and Cu 2+ (denoted as NiDHBQ, MnDHBQ, and CuDHBQ) is designed. Among them, NiDHBQ delivers the highest reversible capacity of 228.2 mAh g −1 at 100 mA g −1 and superior cycling stability, enabled by dual redox activity from both the Ni 2+ centers and C═O groups. Comprehensive spectroscopic analysis (XPS, FTIR, XANES/EXAFS) and DFT calculations reveal that the extended d–π conjugation and low Mg 2+ migration barrier facilitate rapid charge transport and structural robustness. In contrast, CuDHBQ suffers from irreversible Cu 2+ reduction, and MnDHBQ remains electrochemically inactive in Mn 2+ . This work will enlighten further in‐depth investigations for the molecular designs of advanced CCPs‐based cathode materials.