The invention relates to lipstick pasty fluid. The lipstick pasty fluid consists of the following components in parts by weight of A phase components including paraflint and a thickening agent, B phase components including polyglyceryl-2 dipolyhydroxysterate, triglyceride, hydrogenated shea butter, trimethylsiloxyphenyl dimethicone, octyldodecanol, wool fat, dimer dilinoleyl dimer dilinoleate andbarium sulfate, C phase components including castor bean oil, an aloe barbadensis miller leaf extract, sodium hyaluronate, olive fruit oil and Jojoba ester, D phase components including propyl hydroxybenzoate, E phase components including CI15850, CI 19140 and glycolipid, F phase components including pentaerythrityl tetraisostearate, CI 77499 and 77891, and G phase components including a rose flower extract. The invention further provides a preparation method of the lipstick pasty fluid. According to the lipstick pasty fluid disclosed by the invention, all phase components are perfectly combined into lipstick, so that light, thin and skin permeable senses can be achieved in the respect of use senses, bright, long and plump color can be achieved in the respect of appearance, nourishing andrepairing effects can be reflected internally, the lipstick pasty fluid can effectively nourish lip parts after being used for a long term, and the problem that the lip parts are dim and are injured can be solved.