The Shimensi super-large tungsten polymetallic deposit is located in the Late Jurassic–Early Cretaceous Porphyry–Skarn tungsten ore belt in the south Yangtze metallogenic belt. There are three types of mineralization: veinlet-disseminated type, thick quartz vein type and hydrothermal cryptoexplosive breccia type. Based on geological studies, this paper presents new petrographic, microthermometric, laser Raman spectroscopic and hydrogen and oxygen isotope research on the fluid inclusions from the deposit. The results show that there are five different types of fluid inclusions: liquid-rich inclusions, vapor-rich inclusions, pure liquid inclusions, pure vapor inclusions, and fluid inclusions containing a solid crystal. The homogenization temperatures of the fluid inclusion range from 140 °C to 270 °C, the salinities are 3 wt.%–5 wt.% NaCleq and the densities of ore-forming fluid range from 0.64 g/cm3 to 0.99 g/cm3. For the analyses of laser Raman spectroscopy, the ore-forming fluids can be approximated by a Ca2+-Na+-SO42−-Cl− fluid system with small amounts of CO2, CH4 and N2. Otherwise, the data of the pressure, pH and Eh show a fluid metallogenic environment of low pressure, weak acid and weak reduction. The values of the homogenization temperature in the three types of orebodies suggest that the mineralization is characterized by a decrease in temperature under the conditions of fluid immiscibility. The H-O isotope values are interpreted to indicate that the ore-forming fluids are mainly composed of magmatic water, and meteoric water is added with the process of magma rising.