The porous ceramic membranes have been widely used to make the transport membrane condenser for extracting water and heat from exhaust. In this paper, the nonporous organic membranes named polyether sulfone-sulfonated polyether ether ketone (PES-SPEEK) hollow fiber composite membranes are used for moisture and latent heat recovery from flue gas. The recovery performance is evaluated by the permeability, water recovery efficiency and recovered latent heat flux. To optimize physicochemical parameters of membrane module, experimental platform is established to analyze the effect of coating, sulfonation degree, filling ratio and membrane length on recovery performance. According to the results, hydrophilic coating can accelerate the penetration rate of water vapor and improve the recovery performance; the membranes with a higher sulfonation degree demonstrate better performance than those with a lower sulfonation degree; increasing the filling ratio and membrane length can improve the water and heat recovery performance of membrane module as a whole, but the recovery performance of the per unit membrane area is reduced. Furthermore, this paper also investigates the influences of flue gas flowrate, temperature, water vapor activity coefficient on recovery performance, and the technical economics of the membrane module are evaluated based on the experimental results.