The invention discloses a Chinese herbal medicine lipstick having function of preventing cheilitis. The Chinese herbal medicine lipstick having function of preventing cheilitis is prepared from the following raw materials in parts by weight of a radix astragali water extract, a radix astragali ether extract, a radix codonopsis water extract, a peach kernel extract, beeswax, edible toner, hyaluronic acid, jasmine flower wax, tea polyphenols, olive oil, refined chicken oil, vitamin C, diisostearyl malate, food-grade vaseline and modified attapulgite. The invention further provides a preparationmethod of the Chinese herbal medicine lipstick having function of preventing cheilitis. The Chinese herbal medicine lipstick having function of preventing cheilitis and the preparation method of the Chinese herbal medicine lipstick having function of preventing cheilitis provided by the invention have the beneficial effects that the problem that cheilitis is frequently generated in dried regions of northwest or northeast and the like can be solved, and the invention provides a milder product for crowds who are sensitive to common lipsticks. The Chinese herbal medicine lipstick having functionof preventing cheilitis has the efficacy of preventing cheilitis, treating cheilitis, nourishing lip, moisturizing, resisting bacteria and the like, and also has the advantages of being pure in taste,durable, easy to produce and the like.