Objectives: The substitution of chemical fertilizers with organic alternatives presents a viable strategy for enhancing soil quality and boosting agricultural productivity. However, the question remains whether organic–inorganic compound fertilizers (COIFs) can sustain improved soil quality and crop yields while reducing chemical fertilizer use. The underlying mechanisms of COIF’s impact still warrant further exploration. Methods: In this study, a long-term fertilization trial was conducted from 2020 to 2023 at two sites with different soil textures and types in the Huang-Huai-Hai Plain, China. The experiment involved three fertilization treatments, each replicated three times: (1) LCF (conventional fertilizer treatment); (2) COIF1 (COIF applied at 90% of the recommended rate); and (3) COIF2 (COIF applied at 80% of the recommended rate). The objective was to assess the effects of COIF on summer maize growth, grain yield, nutrient uptake and utilization, and soil quality. Results: Compared to LCF, COIF1 in Yantai and Dezhou increased biomass by 6.4% and 8.1%, grain yield by 5.9% and 4.12%, PFP (N, P, and K) by 17.6% and 15.7%, and soil quality by 563.6% and 462.5%, respectively. No significant differences in biomass and grain yield were observed between COIF2 and LCF, yet COIF1 in Yantai and Dezhou enhanced PFP (N, P, and K) by 19.7% and 18.6%, and soil quality by 109.1% and 175.0%, respectively. In conclusion, COIF improved soil quality by enhancing soil organic matter (SOM), available nutrients, pH, and other soil indices. It promoted summer maize growth, increased grain yield, and improved nutrient utilization. COIF was a practical and effective measure to reduce chemical fertilizer use, enhance field soil quality, and ultimately increase maize yield and nutrient utilization.