The invention discloses a traditional Chinese medicinal compound product and a preparation method thereof. The preparation method comprises the following steps: crushing rhizoma alismatis, cordyceps militaris, poria, radix puerariae and folium nelumbinis, hydrolyzing the crushed materials, conducting enzymatic hydrolysis, conducting extraction, conducting filtering, conducting concentrating, conducting spray-drying, preparing granules and packaging the granules so as to obtain capsules. The product provided by the invention, which is prepared by extracting such medicinal materials as the rhizoma alismatis, the cordyceps militaris, the poria, the radix puerariae and the folium nelumbinis, is rich in active substances, safe and free from toxic and side effects; in comparison with a conventional Chinese herbal medicine processing extraction method, the method, which integrates modern biological extraction technology, has the advantages of being high in extraction yield, high in extraction speed, free from toxins, nonflammable, advanced in preparation process, free from environmental pollution and the like; the prepared rhizoma alismatis compound capsules are rich in active ingredients; and an efficient, environment-friendly and low-cost biotechnology for extracting the active substances from Chinese herbal medicines is provided.