The invention belongs to the field of traditional Chinese medicine preparations and particularly relates to a traditional Chinese medicine composition for treating cough and asthma and a preparation method of the traditional Chinese medicine composition. The composition is prepared from the crude drugs including honey-fried cortex mori, honey-fried flos farfarae, gynura divaricata, evodia lepta, fritillaria cirrhosa, herba pyrolae, geckoes processed with wine, bitter almonds, platycodon grandiflorum and liquorice, wherein all the crude drugs are matched with each other according to the compatibility of monarch, minister, assistant and guide to simultaneously take the effects of clearing lungs and eliminating phlegm, relieving cough and asthma, expulsing carbuncle and diminishing inflammation as well as invigorating lungs and kidneys. Experiments prove that the traditional Chinese medicine composition has the characteristic of multi-approach and multi-effect target spots; and in addition, the physique of a child is improved, the viscera function is improved, and airway inflammatory reaction is eliminated, so that cough and asthma are treated fundamentally, and the traditional Chinese medicine composition rapidly takes effects.