The origin of high Ba‐Sr magmatic suites with adakitic features has remained controversial, although they provide important clues on the evolution of continental lithosphere. Here, we present petrological, geochemical, zircon U–Pb and Lu‐Hf data from an Early Cretaceous volcanic suite of andesitic‐dacitic composition in the Laiyuan complex of the central North China Craton, with a view to gain insights on the magma source, petrogenesis, and tectonic implications. The volcanic suite represented by rocks of andesitic‐dacitic composition shows enrichment in light rare earth elements (LREE) and large‐ion lithophile elements (LILE), and depletion in high‐field‐strength elements (HFSE) with no obvious Eu anomalies. They also show typical adakitic features such as high Sr/Y and La/Yb ratios, as well as high Ba‐Sr concentrations. Zircon U–Pb geochronology indicates that these rocks were formed in Early Cretaceous during 131 to 127 Ma, with εHf(t) values ranging from −23.5 to −19.4, suggesting enriched lithospheric mantle source. The geochemical and isotopic data show that the enriched lithospheric mantle source experienced fluid‐related subduction metasomatism. The distinct geochemical features of these identified in our study including high Ba‐Sr concentrations and adakitic affinities were not only inherited from their magma source, but are also a result of fractional crystallization during magma evolution including amphibole‐dominated fractional crystallization at depth and limited plagioclase removal. The volcanism in the Taihang Mountains occurred under extensional regime triggered by the subduction and rollback of the Paleo‐Pacific slab during Late Jurassic to Early Cretaceous and consequent thermal‐mechanical erosion of the lithospheric mantle.