The invention provides a chemical device and a method for preparing an ultra-fine rare earth compound through the device. The device comprises a feeding unit (1) and a stirring unit (2), the stirring unit (2) is provided with an airtight cavity provided with an inlet (5) and an outlet (6), and a stirring impeller (7) is disposed in the cavity; the feeding unit (1) is tubular, one end of the feeding unit is a feeding end, and the other end of the feeding unit is connected with the inlet (5) of the stirring unit (2). The feeding unit (1) is provided with at least two feed inlets (3), and the tail end of each feed inlet (3) is provided with a nozzle (4). Rare earth feed liquid and a precipitator enter the feeding unit from different feed inlets (3) and the nozzles (4) of the feeding unit (1), are stirred by the stirring impeller (7) at high speed, react with each other and then are sprayed out through the outlet (6). The obtained slurry is filtered, washed, dried or fired, and the ultra-fine rare earth compound is obtained. The device is small and simple in structure, convenient to manufacture and use, easy to clean and capable of being used for preparing the ultra-fine rare earth compound with D50 smaller than or equal to 1 micrometer, and parts are easy to replace.