The invention discloses lucid ganoderma liquor capable of warming lung for dispelling cold, relieving cough and reducing sputum and a preparation method of lucid ganoderma liquor. The lucid ganoderma liquor is prepared from the following raw materials in parts by weight: 30-40 parts of lucid ganoderma, 15-25 parts of bulbus fritillariae cirrhosae, 10-15 parts of jujubes, 18-24 parts of tremellodon gelatinosum, 5-10 parts of codonopsis pilosula, 20-30 parts of Chinese magnoliavine fruits, 5-10 parts of common perilla leaves, 8-16 parts of lilies, 15-20 parts of cushaw stems, 10-15 parts of spinach seeds, 12-16 parts of momordica grosvenori, 15-20 parts of persimmon leaves, 10-15 parts of colla corii asini, 12-16 parts of dried ginger, 7-14 parts of poria cocos, 5-10 parts of bunge pricklyash leaves, 10-15 parts of radix angelicae, 5-10 parts of fructus piperis longi, 10-15 parts of loquat flowers, 16-22 parts of platycodon grandiflorum, 10-15 parts of ephedra and 800-1200 parts of white spirit. The lucid ganoderma liquor disclosed by the invention has functions of expelling wind and cold pathogens, removing heat from lung to relieve cough, ventilating the lung and resolving phlegm, relieving cough and asthma, and relieving exterior syndrome by diaphoresis, and is capable of effectively preventing and treating cold and cough by long-term consumption; and in addition, the lucid ganoderma liquor is significant in effect, free from any side effect, safe and reliable, and wide in market prospect.