Climate change alters hydrological processes in cold regions. However, the mechanisms of runoff component variation remain obscure. We implemented a WEP-N model to estimate monthly runoff in the Songhua River Basin (SRB) between 1956 and 2018. All flow simulations were accurate (NSE > 0.75 and RE < 5%). The annual runoff was attenuated in 1998, and the hydrological series (1956–2018) was divided into base and change periods in that year. Relative to the BS (base scenario), annual production flow reduction was −28.2% under climate change and water use. A multifactor attribution analysis showed that climate change and water use contributed 77.0% and 23.0% to annual runoff reduction, respectively. Decreases in annual surface and base flow explained 62.1% and 35.7% of annual production flow reduction, respectively. The base flow increased by 8.5% and 6.5% during the freezing and thawing periods, respectively. Relative to the BS, groundwater recharge increased by 9.2% and 4.1% during the freezing and thawing periods, respectively, under climate change conditions. Climate change was the dominant factor attenuating production flow. The change in production flow occurred mainly during the non-freeze-thaw period. The decrease in total production flow in the SRB was caused mainly by the decrease in the surface flow, where the reduction in base flow accounted for a relatively small proportion. Production flow attenuation aggravated water shortages. The utilization rate of groundwater resources is far below the internationally recognized alarm line. Therefore, attention should be directed towards certain areas of the SRB and other regions with minimal groundwater exploitation.
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