The invention relates to an LED (Light Emitting Diode) panel lamp, which comprises a lamp frame, a substrate, a plurality of blue-light LEDs, a light guide plate, a diffusion plate and a film doped with fluorescent powder. The light guide plate and the diffusion plate are embedded in the lamp frame. The substrate is arranged on the internal side surface of the lamp frame which faces to the side surface of the light guide plate. A plurality of cup troughs are abreast arranged on one side, which faces to the side surface of the light guide plate. of the substrate. One blue-light LED is installed in each cup trough. The blue-light LEDs are connected in series or in parallel. The film is attached onto the side surface, which faces to the blue-light LEDs, of the light guide plate. The light guide plate is provided with a light reflecting film. The light reflecting film is attached onto one surface of the light guide plate. The diffusion plate is arranged on the other surface, which is opposite to the light reflecting film, of the light guide plate. The LED panel lamp has the advantages that the emergent light is relatively uniform, the problem of glaring does not occur, the influence of a single damaged LED on the overall lighting effect is smaller, and the illuminating effect is better; since the blue-light LEDs are abreast arranged, the distribution density is lower and the heat dissipating effect is better; and since the blue-light LEDs are directly installed in the cup troughs, the production process is simple and the production cost is reduced.