In order to increase the application prospect of calcium lignosulfonate in phenolic resin, Calcium lignosulfonate was oxidatively degraded by Hydrogen peroxide under alkaline condition. Both lignins were characterized by FT-IR, 1H NMR, UV, GC-MS and GPC. The optimal degradation conditions are: lignosulfonate:water=1:1, wt/wt, pH=10, temperature 60 °C, reaction time 2 h, and H2O2 dosage 6 wt% (based on weight of lignosulfonate). The results show that the degraded resultant is higher in phenolic contents, and lower in methoxyl content. Number molecular weight (Mn) of calcium lignosulfonate sharply decreases to 2294, versus 17774 before oxidative degradation.Guaiacly monoer content increased and kinds of phenolic compounds occurre in oxidative degradation fractions, mainly due to β-O-4 and β-5 cleavage. And reactive activity of the oxidatively degraded compounds is sharply increased.