The invention discloses a traditional Chinese medicinal preparation for treating asthma and a preparation method of the traditional Chinese medicinal preparation. The active ingredients include the following raw materials: Pheretima, Perilla frutescens fruit, fluorite, Psoralea corylifolia, Ganoderma lucidum, Radix Paeoniae Rubra, Herba Epimedii, Cinnamomum cassia twig, parched Crataegus pinnatifida, processed Radix Glycyrrhizae, Schisandra chinensis fruit, Ziziphus jujuba, Semen Armeniacae Amarum, dried Zingiber officinale, Atractylodes macrocephala, Ophiopogon japonicas, Cuscuta chinensis seed, processed Herba Ephedrae, Salvia miltiorrhiza, Dioscorea opposita, Radix Codonopsis (Codonopsis pilosula and/or Codonopsis tangshen), Lycium barbarum fruit, Angelica sinensis, Saposhnikovia divaricata, Astragalus membranaceus, processed Aconitum carmichaeli, processed Rehmannia glutinosa, Cornus officinalis fruit, Panax quinquefolium, Panax ginseng (Radix Ginseng Rubra), tokay tail, Placenta Hominis, and Panax notoginseng. The traditional Chinese medicinal preparation disclosed by the invention has the effects of invigorating lung, spleen and kidney, promoting functional activities of qi, invigorating vital qi, eliminating exogenous pathogenic factors, dissolving phlegm, and relieving asthma with wheezing.