Continuous water-level decline makes the changes of water quality in reservoirs more complicated. This paper uses trend analyses, wavelet analysis and principal component analysis-multiple linear regression to explore the changes and pollution sources affecting water quality during a period of continuous reservoir water level decline (from 65.37 m to 54.15 m), taking the Biliuhe reservoir as an example. The results showed that the change of water level of Biliuhe reservoir has a significant 13-year periodicity. The unusual water quality changes during the low water level period were as follows: total nitrogen continued to decrease. And iron was lower than its historical level. pH, total phosphorus, and ammonia nitrogen were higher than historical levels and fluctuated seasonally. Permanganate index increased as water level decreased after initial fluctuations. Dissolved oxygen was characterized by high content in winter and relatively low content in summer. The pollutant sources of non-point source pollution (PC1), sediment and groundwater pollution (PC2), atmospheric and production & domestic sewage (PC3), other sources of pollution (PC4) were identified. The main source of DO, pH, TP, TN, NH4-N, Fe and CODMn were respectively PC3 (42.13%), PC1 (47.67%), PC3 (47.62%), PC1 (29.75%), PC2 (47.01%), PC1 (56.97%) and PC2 (50%). It is concluded that the continuous decline of water level has a significant impact on the changes and pollution sources affecting water quality. Detailed experiments focusing on sediment pollution release flux, and biological action will be explored next.