Shihoudian Lake is one of the ecological restoration engineering pilot sites of Baiyangdian Lake, China. To evaluate the phytoplankton characteristics and eutrophication status in Shihoudian Lake, we investigated the community structure of phytoplankton, including the species composition, density, biomass dominance, biodiversity and water quality parameters, in autumn 2018 and spring and summer 2019. The relationships between the community structure and the main environmental factors were analysed using a multivariate statistical method. A total of 143 species of phytoplankton were identified, belonging to 53 genera and eight phyla, and Cyanophyta and Prochlorophyta were the most dominant phyla. Both the density and the biomass were the highest in the summer. A redundancy analysis showed that total phosphorus and chemical oxygen demand were the primary influencing factors of the community distribution of Cyanophyta. Evaluation of the comprehensive diversity index and water quality index revealed that the water of Shihoudian Lake was lightly to moderately polluted, providing scientific evidence for eco-environmental protection and remediation.