Ni-P catalysts were prepared by the solvothermal method. Ethylene glycol, NiCl2•6H2O and NaH2PO2•H2O were used as the solvent, the nickel source and the phosphorous source respectively, where n(P):n(Ni)=3:1. Catalysts were characterized by XRD, SEM, TEM, H2-TPR, H2-TPD, N2 adsorption-desorption as well as XPS. Then, experiments were carried out to evaluate Ni-P catalysts under different reaction conditions. Ni-P catalysts exhibited outstanding performance during the hydrogenation reaction under optimized conditions, where the conversion of furfural and the yield of cyclopentanone reached 98.87% and 68.65%. Finally, research results indicated that no obvious decrease were observed in catalytic performance after 5-time regeneration cycle. Thus, Ni-P catalysts demonstrated good stability as well.