The invention discloses a high-yield stable-yield planting method of polyporus umbellatus in northwest Yunnan. Before the polyporus umbellatus is cultivated, an armillaria mellea fungus material is first bred by adopting an overground fence cultivation method. When a yellow liquid flows out from two ends and wounds of the armillaria mellea fungus material, and white hyphae grow on the surface of the fungus material, a best planting period of polyporus umbellatus is achieved. According to the planting method, water accumulation in rainy seasons can be avoided with the adoption of the overgroundfence cultivation method, the fungus material is prevented from mildew, and the phenomena that the upper-layer fungus material is withered due to water lack or the development of the lower-layer fungus material is slow due to poor air permeability or water accumulation are prevented. Light-weight mountain base soil and leaves are adopted as cultivation materials, so that the water retention and air permeability are good, time and labor are saved in a collection and digging process, and the polyporus umbellatus can be collected at any time when the polyporus umbellatus is needed to be used. The filling materials used in the planting method of the polyporus umbellatus are light-weight good-air-permeable mountain base soil, miscellaneous wood chips, dried pine needles and the like, so that gas permeability, water retention and moisture retention are achieved, and time and labor are saved during the collection and digging of the polyporus umbellatus. In addition, mulch film is laid by adopting a double-film 1/4 overlap method, and the effects of grass prevention and water retention can be exerted.