The invention relates to the technical field of healthcare products, in particular to ginseng, deer and shortening paste and a preparation method thereof. The ginseng, deer and shortening paste is prepared from main raw materials I, main raw materials II and auxiliary materials, wherein the main raw materials I comprise fructus rubi, fructus lycii, rhizoma polygonati, dried longan pulp, oyster, fructus alpiniae oxyphyllae, radix polygonati officinalis, mulberries, Chinese yam, cortex cinnamomi and nutmeg; the main raw materials II comprise deer penis, cauda cervi, deer blood, cordyceps militaris, ginseng, semen juglandis, semen sesami nigrum and Chinese dates; the auxiliary materials comprise shortening, honey and milk powder. The preparation method comprises steps as follows: raw material treatment, crushing, soaking, decoction, filtration, concentration, blending, decoction, cooling, packaging and quality inspection. Compared with existing healthcare products, the ginseng, deer and shortening paste has uniform and consistent color and luster, has the efficacy of tonifying Qi, nourishing yin, tonifying and moisturizing the lung, nourishing the liver and kidney, replenishing vital essence to improve eyesight, calming the nerves and improving the intelligence, can treat deficient diarrhea, cold dysentery, crymodynia of the stomach duct and abdomen, vomiting, impotence, female uterus coldness, long-time infertility and chronic testis inflammation, and can promote development of male genital organs and maintain normal functions of the male genital organs. The preparation method of the ginseng, deer and shortening paste is simple and convenient.