The invention discloses a multifunctional 
drying and dehumidifying device and a 
drying and dehumidifying method thereof. The 
drying and dehumidifying device comprises a 
heat pump assembly, a drying 
assembly and a controller. The 
heat pump assembly comprises a compressor, a four-way valve, a condenser, a one-way valve, a liquid accumulator, a filter, a 
thermal expansion valve, a gas-liquid separator, an outdoor 
evaporator, a first dehumidification 
evaporator and a second dehumidification 
evaporator. The evaporators are each provided with an 
electromagnetic valve. The drying assembly comprises a dryer shell body, a circulating draught fan, a 
moisture exhausting draught fan, an air 
heat exchanger and an outdoor draught fan. According to the structural design, the drying and dehumidifying device has the advantages of being novel in structural design, diversified in function and good in 
energy conservation and 
environmental protection effect. In addition, the drying and dehumidifying method comprises the following operating 
modes of a 
ventilation mode, a heating mode, a constant-temperature dehumidifying mode, a cooling dehumidifying mode, a heating 
moisture exhausting mode and a constant-temperature dehumidifying 
moisture exhausting mode. According to the design of the operating 
modes of the drying and dehumidifying method, a plurality of functions can be realized, and the good effects of 
energy conservation and 
environmental protection are achieved.