Abstract Lithospheric thinning beneath the North China Craton is widely recognized, but whether the Yangtze block has undergone the same process is a controversial issue. Based on a detailed petrographic study, a suite of xenoliths from the Lianshan Cenozoic basalts have been analyzed for the compositions of minerals and whole rocks, and their Sr–Nd isotopes to probe the nature and evolution of the subcontinental lithospheric mantle beneath the lower Yangtze block. The Lianshan xenoliths can be subdivided into two Types: the main Type 1 xenoliths (9–15% clinopyroxene and olivine-Mg# 90). Type 1 peridotites are characterized by low MgO, high levels of basaltic components (i.e., Al2O3, CaO and TiO2), LREE-depleted patterns in clinopyroxenes and whole rocks, and relatively high 143Nd/144Nd (0.513219–0.513331) and low 86Sr/87Sr (0.702279–0.702789). These features suggest that Type 1 peridotites represent fragments of the newly accreted fertile lithospheric mantle that have undergone ~ 1% of fractional partial melting and later weak silicate–melt metasomatism, similar to Phanerozoic lithospheric mantle beneath the eastern North China Craton. Type 2 peridotites may be shallow relics of the older lithospheric mantle depleted in basaltic components, with LREE-enriched and HREE-depleted patterns, relatively low 143Nd/144Nd (0.512499–0.512956) and high 86Sr/87Sr (0.703275–0.703997), which can be produced by 9–14% partial melting and subsequent carbonatite–melt metasomatism. Neither type shows a correlation between equilibration temperatures and Mg# in olivine, indicating that the lithospheric mantle is not compositionally stratified, but both types coexist at similar depths. This coexistence suggests that the residual refractory lithospheric mantle (i.e., Type 2 peridotites) may be irregularly eroded by upwelling asthenosphere materials along weak zones and eventually replaced to create a new and fertile lithosphere mantle (i.e., Type 1 xenoliths) as the asthenosphere cooled. Therefore, the subcontinental lithospheric mantle beneath the lower Yangtze block shared a common evolutional dynamic environment with that beneath the eastern North China Craton during late Mesozoic–Cenozoic time.