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The Cambrian Series 2–Miaolingian transition is a pivotal period during Earth history, which witnessed the decline of biodiversity and the reduction in biomass, i.e., the redlichiid–olenellid trilobite extinction. The notable δ13C excursion (RECE) near the Cambrian Series 2–Miaolingian boundary in east Gondwana and China apparently corresponds with the redlichiid trilobite extinction. To better understand the causal mechanism of this biotic crisis, we report the carbon isotope stratigraphy and facies changes from Cambrian Series 2–Miaolingian transition of the Mantou Formation on the southern North China Craton. The carbon isotope excursions at the Cambrian Series 2–Miaolingian transition in the study area are 0.7‰ in the Chishanhe section and −0.2‰ in the Luoquan section, respectively, showing a weak negative excursion or even no negative excursion. The sedimentary environments in the study area gradually changed through time from a clastic tidal flat to a carbonate platform across the transition, which indicated a gradual rise in sea level, with anoxic conditions occurring predominantly before the RECE δ13C excursion. Microbially induced sedimentary structures and oncoids occurred widely at the top of Cambrian Series 2. Abundant metazoan trace fossils were preserved in the Miaolingian Series of the study area. The evolution of biogenic structures across the Cambrian Series 2–Miaolingian transition indicates the emergence of harsh environments associated with the proliferation of MISS and oncoids at the RECE horizon and the recovery of benthic metazoan fauna after the RECE biotic crisis.