Heat treatment is a widely used physical technology for postharvest fruit and crops. The Chinese chestnut cultivar “Kuili” has high sugar and amylose contents, and is popular among people. However, the chestnut quality decreases quickly after harvest. In order to maintain the chestnuts’ quality during storage, this study explores five hot water treatments for chestnuts: T1 (control, no treatment), T2 (50 °C), T3 (65 °C), T4 (75 °C), and T5 (90 °C) for 45 min. T1 was dried at ambient temperature, while the other heat treatments were dried at 30 °C for 30 min. After treatment, chestnuts were placed in plastic trays, covered with a 15 μm thick PVC film, and stored at 4 °C with 70% relative humidity; they remained in the same air for 120 days. Results indicated that T3 and T4 showed slight color changes while maintaining shell and kernel firmness, and their weight loss was reduced (+5–8%), as well as their decay rate (limited to within 20%). The T3, T4, and T5 treatments (from days 60 to 120) decreased their pest survival rates to <2%. Additionally, heat treatments facilitated the accumulation of total soluble sugar and increased the expression of sugar biosynthesis-related genes. Meanwhile, T3 and T4 delayed starch reduction (they maintained relatively higher contents, from 288 to ~320 mg g−1 DW) and altered some starch biosynthesis genes. Furthermore, T2, T3, and T4 exhibited higher antioxidant activity and lower hydrogen peroxide (H2O2) and superoxide anions (O2−) contents than T1. At the end of storage, the scores of T3 and T4 treatments were 55.1 and 52.3, and they ranked first and second among the five treatments, respectively. Therefore, these findings provide valuable insights for controlling postharvest losses in chestnuts.