In order to solve the link prediction problem of knowledge graph, a shared variable network model named LCPE (Local Combination Projection Embedding) was proposed, which realized the prediction of links by embedding entities and relationships into vector space. By analyzing the Unstructured Model, it was derived that the distance between related entities' embedding was shorter in the vector space, in other words, similar entities were more likely to be related. In LCPE model, ProjE model was used based on similarity between two entities to judge whether the two entities were related and the relation type between them. The experiment shows that with the same number of parameters, the LCPE improves Mean Rank by 11 and lifts Hit@10 0.2 percentage points in dataset WN18 while improves Mean Rank 7.5 and lifts Hit@10 3.05 percentage points in dataset FB15k, which proves that the similarity between entities, as auxiliary information, can improve predictive capability of the ProjE model.