The invention relates to an extract of mature fruit of fresh schisandra chinensis which belongs to magnoliaceae plant, process for preparation and application, belonging to the field of medicament, food and health care products, specifically relates to process for preparation of the extract of fresh schisandra chinensis. Particularly the invention can be used for preparing medicaments, beverages, food and health care products, which can protect liver, reduce glutamate-pyruvate transaminase, postpone senescence and prevent lingering asthma, nocturnal emission and spermatorrhoea, nocturnal enuresis and frequent micturition, protracted diarrhea, spontaneous sweat and night sweat, body fluid deficiency and thirsty, and palpitation and insomnia.