【Objective】 To reveal the law of dry matter accumulation, N, P, K nutrients absorption and utilization in rice-ratoon rice system and lay a theoretical basis for scientific fertilization, 【Method】 two years of field trials were conducted to study the dynamics of dry matter accumulation and N, P, K distribution and transformation in rice-ratoon rice system by investigating the dry matter weight and nutrients contents in different organs at various growth stages(tillering stage, young panicle differentiation stage, booting stage, full heading stage, filling stage, ripening stage) under the condition of adequate supplying of nutrients. 【Result】 Total dry matter accumulation of the first-season rice followed the growth trend of ‘slow-fast-slow’ in the whole growth duration. The rapid accumulation period in stem and leaf were ‘tillering-full heading stage’ and ‘before the booting stage’, respectively, and the accumulation in stem and leaf accounted for 81.1% and 43.8% of their maximum. In addition, the dry matter accumulation in stem and leaf were not decreased significantly during the grain filling stage. The rapid dry matter accumulation period of panicle was from full heading stage to middle filling stage, which accounted for 58.8% of the total. The total dry matter accumulation of ratoon rice followed an S-shape curve. Dry matter accumulation in stem and leaf peaked at the filling stage and heading stage respectively, and that of the first-season rice stubble showed a downward trend in the whole growth period. The results of nutrient absorption showed that total N accumulation of the first-season rice was equal to that of the dry matter accumulation, as well as that of the stem and panicle. But the total accumulation of phosphorus and potassium of the first- season rice were decreased at the late filling stage. Nutrients accumulation of stem and leaf reached the maximum at heading stage. After harvest of the first season rice, accumulation of N, P and K in stubbles showed a downward trend, and that of ratoon rice stem and leaf were increased firstly and then decreased. However, that of panicle were increased constantly. From heading stage to ripening stage, N translocation in each organ showed a tendency of leaf>stem>stubble, for P translocation, stem>stubble>leaf, and for K translocation, stubble>leaf>stem. 【Conclusion】 The rapid dry matter and nutrient accumulation period of the first-season rice was from booting stage to middle filling stage, and the critical period of ratoon rice was from the harvest of the first-season rice to full heading stage. The nutrient in stubbles could be transferred to the organs of ratoon rice after the harvest of the first season rice. Satisfying the nutrients demands between heading stage and filling stage of the first-season rice and timely nutrients supply to ratooning buds served as the basis and guarantee of high yield in rice-ratoon rice system.