The precipitation changes induced by climate warming have substantially increased extreme precipitation and seasonal drought events. Different plant functional types (PFTs) could exert an important role in resisting extreme climate. However, the patterns of plant water uptake in different PFTs remain uncertain, especially under different magnitudes of rainfall events. Here, we employed a stable hydrogen isotope (δD) to determine the water sources of different PFTs, including Castanopsis chinensis in the canopy layer, Schima superba in the canopy sublayer, Psychotria asiatica in the shrub layer, and Blechnum orientale on the forest floor in the monsoon evergreen broad-leaved forest in Dinghushan Biosphere Reserve, China. We further used a two-end linear mixing model to explore the water utilization among different PFTs. Our results revealed that precipitation and soil water before rainfall were the water sources of different PFTs. Furthermore, the proportions of precipitation utilized by S. superba in the canopy sublayer under light and moderate rainfalls were 6.9%–59.4% and 30.5%–66.3%, respectively, which were significantly higher than those of other species in both the dry and wet seasons. After heavy rainfall, the proportion of precipitation utilized by S. superba was the lowest (4.7%–26.5%), while B. orientale had the highest proportion of precipitation utilization (31.6%–91.5%), whether in the dry or wet season. These findings imply that different PFTs would compete with one another for water uptake. Especially under climate warming, the uneven distribution of precipitation would intensify the water competition among species, ultimately resulting in the plant community structure becoming much more unstable than before.