The invention provides a combined circulating energy supplying system, and belongs to the technical field of heat energy utilization and heat pumps. An air-steam forward circulating system is constituted by an air compressor, a boiler, an air turbine, a steam turbine, a waste heat boiler, a circulating pump and a heat exchanger, a compressed backward circulating system is constituted by a compressor , a second condenser, an evaporator, a low-temperature throttling valve, a second low-temperature throttling valve and a low-temperature heat exchanger, and an absorption type backward circulating system is constituted by an absorber, a generator, a condenser, the evaporator, a throttling valve, a solution pump and a solution heat exchanger; the air-steam forward circulating system provides power for the compressed backward circulating system and provides driving heat load for the absorption type backward circulating system, the compressed backward circulating system obtains low temperature heat load and respectively provides heat for the outside through the second condenser and the absorption type backward circulating system through the evaporator, and the absorption type backward circulating system provides the heat for the outside through the absorber and the condenser, so that the combined circulating energy supplying system is formed.