The invention discloses a comprehensive utilization system for ring cooling machine waste gas and sintering large flue exhaust gas waste heat. The system comprises a ring cooling machine front area waste heat recycling device, a low pressure steam drum and a high pressure steam drum. The ring cooling machine front area waste recycling device comprises a heat exchange device. The heat exchange device comprises a box body, and a high pressure superheater, a high pressure evaporator, a low pressure superheater, a high pressure coal economizer, a low pressure evaporator and a low pressure coal economizer which are sequentially arranged in the box body in the exhaust gas flowing direction. High-temperature exhaust gas waste heat in a sintering large flue and sintering ore cooled waste gas waste heat of a ring cooling machine are recycled, low-temperature waste gas waste heat of the III area of the ring cooling machine is utilized, the system is reasonably arranged in the heated face of the sintering large flue and the ring cooling machine waste heat recycling device according to the second law of thermodynamics, flue gas waste heat in the flue is recycled stepwise, two kinds of high-grade steam are produced, the power generation efficiency is improved, one steam drum is adopted for recycling waste heat in the sintering large flue and the ring cooling machine, the equipment number is reduced, and the investment cost is reduced.