The division of the Dengying Formation is controversial due to great variation in its stratigraphic thicness. Moreover,the formation mechanism of the Mianyang-Changning intracratonic sag is poorly understood due to the controversy in stratigraphic division. Based on investigations of two outcrop sections and three drilling wells,this paper conducted a systematic lithol and carbon isotopic δ13C stratigraphic division and correlation of the Dengying Formation,and divided it into six isochronous lithologic units with three positive(DP1,DP2,DP3)and three negative(DN1,DN2,DN3)carbon isotopic excursions: (1)The Member 1 of Dengying Formation is marked by dolomudstone;(2)the lower submember of Member 2 of Dengying Formation consists of various microbial dolomite with grape-like structures,showing DP1 in its lower part,and DN1 in its middle part,which passes upward into DP2 gradually;(3)the upper submember of Member 2 of Dengying Formation is marked by dolomudstone and minor microbial dolomite,locally with mixed carbonate and siliciclastic sedimentation,showing DP2 in its lower part and DN2 in its middle-upper part;(4)the Member 3 of Dengying Formation is typical of mixed carbonate and siliciclastic sedimentation,locally solely with siliciclastic rocks,containing characteristic tubular fossils;(5)the lower submember of Member 4 of Dengying Formation is composed of thick dolomudstone with δ13C around 1‰in the lower part and positively shifting into DP3 upward;(6)the upper submember of Member 4 of Dengying Formation consists mainly of microbial dolomite,exhibiting DP3 in the base with a negative shift trend towards the Ediacaran-Cambrian boundary as DN3. The unconformities above the upper submember of Member 2 of Dengying Formation and Member 4 of Dengying Formation can be correlated with the glaciations during 547 Ma and Ediacaran-Cambrian boundary,respectively. The missing of the strata above the lower submember of Member 2 of Dengying Formation of varying degree is identified in the Wells Pengtan 1 and Pengshen 3 in the Mianyang-Changning intracratonic sag. The strata missing of the Dengying Formation in the Mianyang-Changning intracratonic sag up to 600 m(to the basal Lower submember of Member 2 of Dengying Formation), and the largest thickness of the overlying Maidiping Formation and the most complete strata there,collectively suggest that the majority of Mianyang-Changning intracratonic sag of the Dengying Formation formed after the deposition of the basal lower submember of Member 2 of Dengying Formation and before the deposition of the Maidiping Formation.