The invention relates to an extract of Yunnan Health Potion (Yuannan Hongyao) and an extracting method and applications thereof. The Yunnan Hongyao comprises raw material components with the following mixing ratio by weight: 50 to 150 parts of root of pseudo-ginseng, 100 to 300 parts of chinese paris rhizome, 20 to 100 parts of dactylicapnos root, 50 to 150 parts of delavay ampelopsis root, 50 to 150 parts of bruiseweed, 60 to 100 parts of hemp, 20 to 100 parts of radix psammosilenes, 10 to 60 parts of acorus gramineus, 50 to 150 parts of scutellaria amonena wight, and 80 to 200 parts of kusnezoff monkshood root, the components are extracted by a certain method to obtain the extract of Yunnan Hongyao which has the functions of hemostasis and analgesis, activating blood and dissolving blood stasis, expelling wind and removing dampness. And the extract of the invention can be used for curing gastric ulcer hemorrhage, bronchiectasis hemoptysis, functional uterine hemorrhage, menorrhagia, fundus hemorrhage, conjunctival hemorrhage, epistaxis, hemorrhoids hemorrhage, soft tissue bruise, rheumatic arthritis, rheumatic pain in waist and lower extremities, etc. and can be made into various formulations.