The invention discloses a Chinese medicinal preparation for treating a rheumatic bone pain and a preparation method. The preparation method comprises the following steps of: simultaneously crushing lysimachia sikokiana, cinnamon, sandalwood, pogostemon cablin, clove, borneol, myrrh, frankincense, pearl powder, agilawood, costus root, acronychia pedunculata, realgar, camphor, resina draconis, storax oil and benzoe into fine powder in parts by weight, and bottling for later use; and soaking bark of chinese redbud, angelica dahurica, red peony root, peach branches, willow branches, pangolin, rhubarb and the rest medicaments into sesame oil for 7 days, frying, filtering, refining over fire till the liquid becomes beads, stir-frying yellow lead to be red, adding the yellow lead into the oil, stirring till saponification and paste formation, melting over slow fire, standing, adding the bottled fine powder for later use, stirring uniformly, and spreading on a stype, thus obtaining the Chinese medicinal preparation. The Chinese medicinal preparation is not required to be prepared into tablets or decoction, does not require sealed therapy, and is not required to be prepared into an external liniment and the like; and compared with the conventional Chinese medical or western medical therapy, the Chinese medicinal preparation has the advantages of quick response, short treatment course, high cure rate, capability of relieving the pain of a patient and simplicity and convenience for use.