This paper presents an experimental and theoretical investigation into the factors influencing the sealing performance of combined slip rings. Factoring in the frictional heat from micro convex bodies and convective heat exchange between the slip ring, oil film, and air, we formulate a thermoelastic flow hybrid lubrication model for the combined slip ring seal. This model calculates the distribution of oil film thickness, pressure, temperature, velocity, and viscosity in the sealing zone, drawing on the generalized average Reynolds equation and the transmembrane average energy equation, in conjunction with the heat conduction equation of the slip ring. Utilizing the Archard wear model, we also examine the wear characteristics of the combined slip ring seal, providing insights into seal wear under these conditions. The model enables an analysis of the interplay between parameters and their impact on seal performance. The method proposed accurately predicts friction and leakage in line with experimental data, thereby providing a theoretical foundation for further numerical investigation of seal characteristics.