The invention relates to the technical field of seal rings, in particular to a rotating shaft lip seal ring. The rotating shaft lip seal ring comprises an outer ring and an inner ring of a rubber shell, a metal framework is embedded in the outer ring, a spring groove is formed in the upper end of the inner ring, an elastic piece is embedded in the waist portion of the inner ring, and is made of polytetrafluoroethylene, the inner ring lip part is coated with a wear-resisting layer, the longitudinal section of the spring groove is in the V groove manner, at least one tooth block is arranged on the metal framework, and the tooth block is clamped in the outer ring. On the basis of design of a common seal ring, the polytetrafluoroethylene elastic piece with elasticity is added on the waist of the seal ring, the stiffness of the waist portion of the seal ring is effectivley improved, the following between a lip opening and an outer transmission shaft is ensured, the seal property of the sealring in the actual use process is improved, a polytetrafluoroethylene thin film is added on the lip opening, the wear resistance of the seal lip opening is greatly improved, and even if the seal ringworks in the non-grease soaking environment, the rubber is not worn.