The invention discloses a preparation process of small molecular peptides, belonging to the field of fishery breeding, and comprises the following raw materials in parts by weight: 30 to 50 parts of soybean meal; 20 to 30 parts of corn; 10 to 15 parts of carrot powder, 20 to 30 parts of earthworm powder; 5 to 10 parts of adhesive for fish; 2 to 5 parts of San Huang powder; 2 to 5 parts of growth-promoting additive. The preparation method comprises the following steps of sterilizing corn and growth-promoting additive, then crushing the corn and the growth-promoting additive into powder, then stirring and mixing soybean meal, carrot powder, earthworm powder and San Huang powder with the corn and the growth-promoting additive, finally expanding and granulating to obtain pellet feed, finally spraying waterproof grease, drying and bagging to obtain target feed. The invention can clear away heat and toxic materials, resist bacteria and diminish inflammation, and is used for preventing and treating bacterial diseases such as liver and gallbladder, gill rot, hemorrhage, enteritis, skin rot and the like. At the same time, the invention can enhance the disease-resistant immune function of fish, improve the survival rate of fish and promote the growth of fish.