Does the bus leave from Panjin Railway Station to get to Red Beach?

Well, there is no direct bus available. You can take bus line 30 to Xinhua Guoji Xincheng Station from the north of the Railway Station. Then, take a bus to Zhaoquanhe Town (about 20 minutes). Upon arrival, take a taxi to the Red Beach for about CNY 10.

Or, you can take a taxi to the Red Beach from the railway station for CNY 100-120. ;)