The Hehuashan carbonate-hosted Pb–Zn deposit is a large-scale deposit situated in the Middle-Lower Yangtze-River Metallogenic Belt (MLYRMB) in China. It contains 0.99 million tons of Zn at an average grade of 1.5 % and 0.41 million tons of Pb at an average grade at 1.9 %, accompanied by critical metals of Cd and Ga. The ores are mainly composed of breccia-type and vein-type in the deposit. Though previous chemical compositions of sphalerite showed that Cd is enriched in both two types of mineralization and the sulfide sulfur isotopes research showed that the reduced sulfur is derived from the marine sulfate reduction, the source of ore-forming metals is still unclear. In this research, we studied the non-traditional stable isotope of Cd and the radioactive isotope Pb of the Hehuashan deposit to discuss the ore-forming metal sources and provide genesis constraints to the Hehuashan Pb–Zn deposit. The sphalerite Cd isotopic compositions are relatively concentrated but the Zn/Cd ratios are scattered in the Hehuashan deposit, of which the early-stage sphalerite δ114/110Cd values ranged from 0.21 ‰ to 0.30 ‰ with an outlier of 0.09 ‰, mean of 0.22 ‰ and a wide range of Zn/Cd ratios (78 to 430), and the late-stage sphalerite δ114/110Cd values ranged from 0.09 ‰ to 0.15 ‰ with two outliers of −0.05 ‰ and 0.52 ‰, mean of 0.17 ‰ with also a wide range of Zn/Cd ratios (50 to 286), both stages of Cd isotopic compositions are overlapped with the ranges of diorite and OIB & MORB, implying the Cd is might be derived from the dioritic intrusions of the Hehuashan deposit district, and the varied Zn/Cd ratios imply that the limestone also provided some of ore-forming metals to the both two ore-forming stages. Additionally, the Pb isotopic compositions of galena in the two mineralization stages exhibit a concentrated range (206Pb/204Pb = 18.2806 – 18.4190, 207Pb/204Pb = 15.6262 – 15.6484, and 208Pb/204Pb = 38.5710 – 38.6529) and all the Pb isotopic data points of the Hehuashan deposit are plotted in the right-hand side of the geochron and the overlapped field of marine sediments, Tongling dioritic intrusions, and Lower Triassic limestones in the Tongling area in the diagrams of (207Pb/204Pb)i vs. (206/204Pb)i and in the field (208Pb/204Pb)i vs. (206/204Pb)i, implying that the Pb is mainly derived from the magma of dioritic intrusions and marine sediments. Subsequently, the sulfide Cd–Pb isotopic compositions show that the ore-forming metals in the Hehuashan deposit are mainly originated from the dioritic intrusions and marine sediments. The plots of deposit genesis classification show that the Cd isotopic compositions in the Hehuashan deposit are unsuitable to the plots of δ114/110Cd vs. Zn/Cd ratios, but imply the metals were derived from multi sources. Finally, the Cd-Pb studies of the Hehaushan Pb–Zn deposit show that the earlier Lower Triassic carbonate formations and its contact with dioritic rocks should be ideal exploration targets for Pb–Zn and associated Cd sources in the Tongling mining area.