Realizing multiple functions and sustainable manufacturing within the same electronic device would be highly attractive from a design and fabrication perspective. Here we demonstrate a recyclable dual-mode thin-film device that can perform both light emission and heat management simultaneously. The device is composed of a dissolvable emitting layer sandwiched between two undissolvable conducting films. The vertical multilayered device enables a highly flexible and foldable multicolor electroluminescent emission ranging from yellow or blue to white, and the coplanar monolayered conductor achieves tunable Joule heat temperature setting. By utilizing selective dissolution and artificial reconstruction of each layered component, the parent device shows full recyclability and reconstructability without severe performance degradation after several recycles. The proof-of concept device provides an ideal strategy to construct a multifunctional film system with recyclability and makes a significant contribution to scientific and technological advancement in low-cost sustainable electronics and optoelectronics.