The invention discloses ointment for burns and scalds and a preparation method of the ointment. The ointment is prepared from the following medicinal materials in parts by weight: 8-12 parts of radix et rhizoma rhei, 6-10 parts of radix scutellariae, 6-10 parts of cortex phellodendri, 3-7 parts of radix sanguisorbae, 6-10 parts of radix angelica sinensis, 8-12 parts of dried rehmannia root, 2-4 parts of radix arnebiae seu lithospermi, 2-4 parts of licorice root, 0.3-0.7 part of borneol, 150-250 parts of sesame oil, and 25-35 parts of beewax. The preparation method of the ointment comprises the following steps: soaking radix et rhizoma rhei, radix scutellariae, cortex phellodendri, radix sanguisorbae, radix angelica sinensis, dried rehmannia root, radix arnebiae seu lithospermi and licorice root into the sesame oil, boiling under slow fire for 3-7 days, filtering when the medicinal materials are in the slight burnt state, adding the beewax into the filtrate, and adding the borneol into the filtrate after the beewax is melted, thus preparing the rufous ointment for burns and scalds. With the ointment for burns and scalds, the pain of the patients can be relieved, the pain-stopping effects are extremely excellent, no scars are left and no allergy is caused when the ointment is used for treating the I-level and II-level burns and scalds, and the ointment is also suitable for treating the III-level burns and scalds, as well as various burns and wounds.