This thesis hold that there are three distinct meanings about Mencius's discrimination of Yi & Li (Righteousness & Profit). One is the discrimination of Yi & Li in running-a-country policy sense; the second is that in the moral end sense; the last is that in the distinction between Shun & Zhi sense. Among them, the first two belong to the mutually opposite relation, while the last one belongs to the value choise relation. Being unable to distinguish the three distinct meanings about the discrimination of Yi & Li, and introducting the public and private concept in to the discrimination of Yi & Li in the distinction between Shun & Zhi sense into the mutually opposite relation. That is the essential factor which makes the original face of Mencius' discrimination of Yi & Li unclear to common people permanently.