Disclosed herein is a composition with moxibustion effects comprising 20-40% by weight of an artemisia extract, 0-20% by weight of an auxiliary herbal material, 0-20% by weight of a resin and 30-60% by weight of a far-infrared radiating powder. Further disclosed is a method for preparing the composition, a press pellet for skin stimulation using the composition, and patch and sheet formulations comprising the composition. When the press pellet using the composition is attached to the affected parts or acupoints in a simple manner, acupuncture, moxibustion, far-infrared radiation and anion emission effects can be simultaneously attained.