Lake eutrophication is a major problem with water environment around the world. It is of great ecological significance to identify and control the inducing factors of lake eutrophication. This paper explores the causes of the eutrophication of Wuxing Lake from external conditions, sources of nutrients, and the relationship between nutrients and eutrophication. The influencing factors of lake eutrophication were subject to correlation analysis, revealing how much each factor affects the degree of eutrophication. The results show that temperature has the greatest impact on the eutrophication of Wuxing Lake, followed by total phosphorus (TP); current speed is the weakest impact factor. Hence, external conditions have a significant effect on the eutrophication of Wuxing Lake. Nitrogen and phosphorus, as nutrients for algae and other phytoplankton, also contribute greatly to the eutrophication of Wuxing Lake. The research results contribute greatly to the healthy development of Wuxing Lake and the sustainable economic growth of the surrounding regions.