Castanopsis hystrix, a timber resource from Southeast Asia, is characterized by rapid growth and high yield, but plantation quality and efficiency improvements are required. Twenty-year-old C. hystrix experimental forests in Yulin, Liuzhou, and Pingxiang in Guangxi Province, China, comprising 21 open-pollinated half-sib families, were used in this study. Genetic variations in the growth (tree height, diameter at breast height (DBH), and volume (V)) and morphological (height to live crown base (HCB), crown width (CW), and branch angle) traits were assessed, and the genetic parameters were estimated to clarify the genotype × environment interaction effects. The average values for the tree height, DBH, V, HCB, CW, and branch angle were 16.33 m, 17.25 cm, 0.21 m3, 6.68 m, 2.15 m, and 45.45°, respectively. The most important sources of variance for the tree height, DBH, V, and HCB were the block and family, whereas the location, family, and family × location had significant impacts on the tree height, DBH, V, and HCB (p < 0.01). The family heritability for each trait was 0.35, 0.38, 0.62, and 0.19, respectively. Excellent families with strong adaptability and genetic stability were identified using BLUP–GGE biplots for single and multiple traits. The results provide a theoretical basis for the efficient cultivation of C. hystrix in South China.