The invention discloses a method for separating a reference substance of ergosterol and stellasterol from a traditional Chinese medicine polyporus umbellatus. According to the method, high-purity monomeric compounds of the ergosterol and the stellasterol are prepared from polyporaceae polyporus polyporus(pers.) dry sclerotoids, serving as raw materials, by means of ethanol liquid extraction, petroleum ether decontamination, dichloromethane extraction, sephadex LH-20 column chromatography, re-crystallization and half-preparation. The method is simple and reliable, the raw materials are easy to obtain, the economic cost is low, the specificity is strong, and the method is applicable to large-scale preparation of the reference substance of the ergosterol and the stellasterol; moreover, during extraction and crystallization, ethyl alcohol or methyl alcohol is adopted to reduce the environmental pollution, and the solvent cost is low; by means of the crystallization or preparation method, the separation and purification time of a sample is shortened, the costs of manpower and material resources are reduced, and the economic effect is improved; a reference substance for content determination can be provided for quality control over crude drugs of the traditional Chinese medicine polyporus umbellatus, thus contributing to establishment of a quality control method for the crude drugs polyporus umbellatus.