The major elements, trace elements, K-Ar age and Sr-Nd-Pb isotopic systems of the Cenozoic volcanic rocks in Daheishan Island and Cishan, Penglai, Shandong Province are measured. The volcanic rocks ( olivine-nephelinite and nepheline-basanite ) in Daheishan Island erupted periodically in an interval of 0.32 Ma, from 8.72 Ma, 8.39 Ma, 8.08 Ma to 7.73 Ma. The volcanic rocks are all rich in light REEs. They are similar to the OIB-type alkali basalt in the trace elements normalized model by primordial mantle: rich in high field elements such as Nb and Ta, and imcompatible elements such as Cs, Rb, Ba, Th, U. The volcanic rocks show a depletion of K and Rb elements. It is suggested by the trace elements that the olivine-nephelinite εin Daheishan Island is originated from deep resources under the continental mantle. Nd (0) values of the volcanic rocks in Daheishan Island and Cishan are 5.31 ~ 8.51 and 7.33 respectively, suggesting that the volcanic rocks are from the depleted mantle resources, which have higher Sm/Nd ratios than the CHUR. 143Nd / 144Nd ratios of Daheishan Island olivine-nephelinite and Cishan alkali basalts are 0.512 910 ~ 0.513 074 and 0.513 014 respectively. The 87Sr / 86Sr of Daheishan Island volcanic rocks are lower than that of Cishan, 0.703 427 ~ 0.703 482 and 0.703 895 respectively. The Daheishan Island olivine-nephelinite has the Pb isotopic values as follows: 206Pb / 204=Pb18.028 9 ~ 17.972 8, 207Pb / 204=Pb15.435 8 ~ 15.402 2 and 208Pb / 204=Pb38.087 6 ~ 37.997 5, lower than those of Cishan basanite. The Cishan basanite has 206Pb / 204=Pb18.240 1, 207Pb / 204=Pb15.564 5 and 208Pb / 204=Pb38.535. The authors suggest that the olivine-nephelinite in Daheishan Island is similar to the E-type MORB or Hawaii OIB, and the alkali basalts in Cishan similar to the Kerguelen OIB. The dominant mantle components of DM+PREMA and perhaps DM ( Dupal type ) are the dominant mantle components for volcanic rocks in Daheishan Island and Cishan. The PREMA component plays an important role.