A power cycle (KC-TORC) combining a Kalina cycle and a three?stage organic Rankine is proposed to address the problems of large flue gas discharge with high temperature and low flue gas outlet temperature that is easy to cause corrosion of industrial pipelines in the industrial production process. A circulation system was constructed by using the method of thermodynamic simulation, taking industrial flue gas as the heat source and liquefied natural gas (LNG) as the cold source,and the effects of kalina cycle evaporation temperature, LNG post?pump pressure and three?stage organic Rankine cycle (ORC) turbine inlet temperature on the thermodynamic performance were analyzed by varying the flue gas outlet temperature. The results show that the maximum exergy efficiency is 62.89% at a flue gas outlet temperature of 30 ℃ and a Kalina cycle evaporation temperature of 112 ℃. The maximum thermal efficiency is 32.09% at a flue gas outlet temperature of 120 ℃ and three?stage ORC turbine inlet temperature of 160 ℃, and the net output power can be up to 2.04 MW. The annual NAV could be up to 5.773×10⁶ dollars. The KC?TORC power cycle shows good advantages in thermodynamic and economic aspects, which is important for environmental protection.