The invention belongs to the technical field of health food research and development and relates to a preparation method for radix ginseng rubra and hericium erinaceus wine. The preparation method comprises the steps of grinding radix ginseng rubra into powder, mixing the powder with honey and glucose, steaming a mixture in a ceramic pot, naturally cooling, adding purified water and lactobacillus sake powder for fermentation, transferring a fermented material into a stainless steel extraction pot, grinding hericium erinaceus, fructus perillae, flos caryophylli, rhizoma alpiniae offininarum, semen myristicae, wrinkled gianthyssop herb, poria cocos, fructus amomi and radix glycyrrhizae into powder, transferring the powder into the stainless steel extraction pot, adding white spirit for extraction, combining radix ginseng rubra and hericium erinaceus wine liquid, filtering, storing the filtered wine liquid in the ceramic pot, sealing the ceramic pot, and burying the ceramic pot in the ground; and transferring the radix ginseng rubra and hericium erinaceus wine liquid into a stainless steel cryoprecipitation pot, adding white spirit, drinking water and rock candy water into the stainless steel cryoprecipitation pot, freezing, filtering, storing the filtered radix ginseng rubra and hericium erinaceus wine liquid in a stainless steel temporary storage pot, adjusting the alcohol concentration of the radix ginseng rubra and hericium erinaceus wine liquid by using the white spirit or the drinking water, and performing filling and packaging. The radix ginseng rubra and hericium erinaceus wine has the effects of invigorating stomach, helping digestion, benefiting five internal organs, assisting anticancer effect and building bodies.