Based on generalized Hele-Shaw (GHS) model, a numerical simulation of phenolic sheet molding compound (P-SMC) in compression molding is realized by finite element step-by-step computing method. Finite elemental computing and post analysis programs have been written. The compression mold filling process, time and pressure requirements of P-SMC in a closed mold are predicted, and a good agreement is shown when compared with experiments. It will be of theoretical significance for the mold design and the optimization of the technological parameters in the compression molding of sheet molding compound.