A fuel oil, aromatic hydrocarbon oil and asphalt combined production process is as follows: catalytic oil slurry or a mixed raw material stored in a raw material tank is conveyed into a buffer tank by a pump, then sent to a heating furnace for heating, and then enters a visbreaking reactor for thermal cracking reaction, after the reaction, reaction products enter into a vacuum distillation tower for separation, solvent oil, and by-product gas, fuel oil, aromatic hydrocarbon oil, and asphalt are successively obtained in the top line, the side line and the tower bottom of the vacuum distillation tower, the solvent oil, the fuel oil, the aromatic hydrocarbon oil and the asphalt with high added value and high market demand can be produced, the comprehensive utilization efficiency of catalytic oil slurry can be improved; at the same time, the light oil yield of the catalytic oil slurry can be significantly increased, content the aromatic hydrocarbon oil can be significantly improved, asphalt product aromaticity can be improved, aromatic hydrocarbon oil and asphalt quality can be improved, the process is simple, the operation condition is easy to control, and large-scale production is easy to realize.