The invention discloses a multifunctional electromagnetic centrifugal continuous concentrating machine comprising a main frame, an ore collecting barrel on the upper portion of the main frame, a sorting cone inside, an ore feeding tube, a bearing holder on the lower portion of the main frame, a hollow spindle connected to the bearing holder, a transmission wheel, a reverse water flushing pipe, a collecting ring mounted on the hollow spindle, a high-density ore sucking pipe and a medium-density ore sucking pipe and a low-density ore sucking pipe which are mounted on the main frame, weak-magnetic annular material collecting grooves, medium-magnetic annular material collecting grooves, strong-magnetic annular material collecting grooves, a waste collecting annular grooves, 3 to 5 rows of ribs welded to the circumference of the inner wall of the sorting cone, weak, medium and strong magnetic electromagnets mounted on the circumference of the inner wall of the sorting cone, and reverse water flushing holes; the weak-magnetic annular material collecting grooves, the medium-magnetic annular material collecting grooves, the strong-magnetic annular material collecting grooves and the waste collecting annular grooves are mounted on the inner wall of the ore collecting barrel sequentially, and the reverse water flushing holes are adjacent to the electromagnets and are formed in the inner wall of the sorting cone. The multifunctional electromagnetic centrifugal continuous concentrating machine can be applied to magnetic material concentrating and non-magnetic material concentrating, the concentrating efficiency is high, the processing quantity is large, the machine is adaptive to large-scale line production, the machine has the advantages of low power, fine concentrating effect and low cost, energy is saved, and the consumption is reduced.