In this study, changes in abiotic environmental factors were analyzed based on measured data from Dawangtan Reservoir in Nanning City during 2021–2022. The Carlson Integrated Trophic State Index method was applied to evaluate water quality and eutrophication in the reservoir, considering both exogenous inputs and internal water quality conditions. Additionally, by investigating water quality and biological factors (zooplankton and fish) in the reservoir, this study identified the main drivers influencing phytoplankton outbreaks in Dawangtan Reservoir through redundancy analysis (RDA) and Pearson correlation analysis. The results showed that the combined trophic state index of the reservoir varied between 29.2 and 56.5 throughout the year, with each water quality indicator performing worse during the summer months when temperatures were higher. There was a positive correlation between zooplankton biomass and phytoplankton biomass, and the increase in the proportion of phytophagous fish contributed to the reduction in phytoplankton. The redundancy analysis revealed that the distribution of phytoplankton species was significantly correlated with total phosphorus (TP), pH, dissolved oxygen (DO), and chlorophyll a (Chl-a), with different phytoplankton species responding variably to these environmental factors. Finally, a multiple stepwise regression analysis was used to construct the optimal response equation between Chl-a concentration and environmental factors. The results indicated that pH, Secchi disk (SD), DO, and biological oxygen demand (BOD) were the main factors affecting Chl-a concentration. Therefore, the outcomes of abiotic environmental factors and lake biological resources should be considered in the restoration of eutrophic lakes to achieve the desired restoration effect.