Lilium davidii var. unicolor (Lanzhou lily) is rich in nutrients, making it an important economic plant widely used in the fields of food and medicine. In this study, potted lily bulbs were treated with nutrient solutions containing K+ and nutrient solutions without K+ (CK and KT). The contents of nutrients in lily bulbs at different stages after treatment were compared. It was found that the application of potassium fertilizers increased the content of total phenols, flavonoids, and flavanols in lily bulbs and the antioxidant activity in the bulbs. Simultaneously, the study observed that potassium fertilizers could impact the accumulation of polysaccharides and saponins. Furthermore, employing non-targeted metabolomics, the secondary metabolites of mature Lanzhou lily bulbs were scrutinized both with and without potassium fertilization (KT and CK). A total of 607 metabolites were identified, including 573 in positive ion mode and 34 in negative ion mode. These metabolites were classified into 13 categories at the superclass level, with lipids and lipid molecules (37.93%), organic acids and their derivatives (16.52%), organic oxygen compounds (14.88%), and phenylpropanoids and polyketides (13.61%) being the most prominent. Differential metabolite enrichment analysis between the experimental and control groups showed that the differential metabolites were mainly concentrated in metabolic pathways related to amino acid biosynthesis, such as arginine and proline metabolism, beta-alanine metabolism, alanine, aspartate, and glutamate metabolism. Additionally, it was found that the application of potassium fertilizer increased the accumulation of amino acids in Lanzhou lily bulbs. Overall, this study provides a theoretical reference for the development of nutrients and efficient cultivation techniques for L. davidii var. unicolor bulbs.