By using venting method incubation experiment, we studied the ammonia volatilization and kinetics characteristics of uncoated slowed release compound fertilizer (SRF) under different soil water conditions and the growth and nitrogen utilization efficiency of rice in pot experiment. Results indicated that the ammonia volatilization of SRF under waterflooding reached the peak ahead of 3-4 days compared to the moist treatment. The peak and accumulation of ammonia volatilization in the waterflooding treatments were higher than those under the moist condition. SRF could significantly reduce total ammonia volatilization compared to the common compound fertilizer (CCF), reduced by 50.6% and 22.8% in the moist treatment and reduced by 24.2% and 10.4% in the waterflooding treatment,but the loss of ammonia volatilization of SRF was higher significantly than that of the coated fertilizer (CRF). Ammonia volatilization increased with the increasing of fertilizer application. The dynamics of ammonia volatilization of SRF could be quantitatively described with three equations: the first order kinetics equation, Elovich equation and parabola equation. Compared to moist condition, the biomass of rice plant in SRF, CCF and SRF treatments increased by 67.86%, 78.25% and 48.75%, and nitrogen utilization efficiency increased by 57.73%, 80.70% and 12.06% under waterflooding condition, respectively. Comparing with CCF, nitrogen utilization efficiency in SRF treatment improved by 59.10% and 10.40% under two soil moisture conditions. SRF could reduce ammonia volatilization and improve biomass and nitrogen utilization efficiency.