Soil salinization is a common abiotic stress that severely limits the growth of Reaumuria soongarica and reduces its application value. To better understand the response of R. soongarica to salt stress and the physiological mechanisms of exogenous Ca2+ and NO compound treatment in alleviating salt stress, the growth parameters, antioxidant system, carbohydrate metabolism and nitrogen compound metabolism were compared on Days 0, 1, 3, 6, 9, 15 and 30. The results showed that salt stress could significantly reduce the plant height, root length, fresh and dry weights of aboveground and underground parts, as well as the relative water content, severely inhibiting the growth of R. soongarica seedlings. After Ca2+ and NO compound treatment, these growth parameters were significantly improved, and the harm caused by stress in R. soongarica was alleviated. Regarding the antioxidant system, the Ca2+ and NO compound treatment could significantly increase the activities of SOD, CAT, APX and GR, as well as the contents of ASA and GSH, which indicated that exogenous Ca2+ and NO could eliminate the accumulated active oxygen by increasing the activities of oxidoreductases and the content of nonenzymatic antioxidant substances, thereby improving the salt tolerance of R. soongarica. Regarding carbon metabolism, after Ca2+ and NO compound treatment, the soluble sugar and sucrose contents, as well as the activities of sucrose phosphate synthase and sucrose synthase, were significantly increased, which indicated that Ca2+ and NO compound treatment could maintain higher soluble sugar and sucrose contents in R. soongarica and reduce osmotic stress caused by salt treatment. Regarding nitrogen metabolism, the Ca2+ and NO compound treatment reduced the harm of salt stress by regulating the nitrogen compound contents and nitrogen compound-related enzyme activities, including increases in the NO3− content and NR, NiR, GS, GOGAT and GDH activities and a reduction in the NO2− content. The results of this study indicate that the inhibition of the growth and development of R. soongarica by salt stress can be alleviated by regulating the antioxidant system, carbohydrate metabolism and nitrogen compound metabolism, which provides a theoretical basis for Ca2+ and NO compound treatment to improve plant salt tolerance.