Biodiversity maintenance and soil improvement are key sustainable forestry objectives. Research on the effects of bamboo forest management on plant diversity and soil properties are therefore necessary in bamboo-growing regions, such as southeastern China's Shunchang County, that have not been studied from this perspective. We analyzed the effects of different Phyllostachys pubescens proportions in managed forests on vegetation structure and soil properties using pure Cunninghamia lanceolata forests as a contrast, and analyzed the relation between understory plants and environmental variables (i.e., topography, stand and soil characteristics) by canonical correspondence analysis (CCA). The forest with 80% P. pubescens and 20% hardwoods (such as Phoebe bournei, Jatropha curcas, Schima superba) maintained the highest plant diversity and best soil properties, with significantly higher plant diversity than the C. lanceolata forest, and better soil physicochemical and biological properties. The distribution of understory plants is highly related to environmental factors. Silvicultural disturbance strongly influenced the ability of different bamboo forests to maintain biodiversity and soil quality under extensive management, and the forest responses to management were consistent with the intermediate-disturbance hypothesis (i.e., diversity and soil properties were best at intermediate disturbance levels). Our results suggest that biodiversity maintenance and soil improvement are important management goals for sustainable bamboo management. To achieve those objectives, managers should balance the inputs and outputs of nutrients and protect understory plants by using appropriate fertilizer (e.g., organic fertilizer), adjusting stand structure, modifying utilization model and the harvest time, and controlling the intensity of culms and shoots harvests.