The purpose of this article is to figure out the philosophical meaning of the scripture ”Ling-bao bi-fa” by analyzing the text. The process of discussion is mainly developed in three aspects. First of all, the special opinions on human being which we can find them in Chung-Lu's work will be highlighted by comparison with three Chinese intellectual traditions. And them could be recognized as a new definition of human being, a viewpoint on human being. Secondly, the contents of these ideas of Yin-Yang & five phases etc. in the system of inner alchemy would be confirmed. And then we will find that these ideas would at last be deconstructed and abandoned because of their pragmatic meaning. Finally, I try to illuminate practical effort of inner alchemy which refers to the body and technique, in order to discuss their meanings of ontology.