This paper reports new zircon U–Pb ages, whole-rock geochemistry, and Sr–Nd–Pb–Hf–O isotopic compositions for the Funiushan (FNS) pluton of the southern North China Craton (NCC). These data and statistical analyses of previously reported compositions of late Mesozoic granites from the southern NCC are used to constrain late Mesozoic continental recycling and geodynamic processes. The FNS pluton includes coexisting early Early Cretaceous (140 Ma), late Early Cretaceous (130–116 Ma) and highly evolved granites (HEGs; 126–125 Ma). The early Early Cretaceous granites have high Sr contents (332–566 ppm), high Sr/Y (53–138) and (La/Yb)N (29–52) ratios, and low MgO contents (0.15–0.48 wt%). They have relatively low (87Sr/86Sr)i values (0.7051–0.7054), relatively high εNd(t) values (−4.11 to −3.96) and variable εHf(t) values (−22.9 to −0.53). They are also characterized by high initial 206Pb/204Pb values (17.893–17.975) and relatively low δ18O values (5.34‰–7.48‰) as well as Neoproterozoic (851–734 Ma) inherited zircons, suggesting that they have an adakitic affinity formed by recycling of subducted continental crust of the Yangtze Craton (YC) with input from a mantle component. In contrast, the late Early Cretaceous granites have relatively high (87Sr/86Sr)i values (0.7077–0.7085), low εNd(t) values (−14.2 to −12.0), relatively high initial 206Pb/204Pb values (17.398–17.497), εHf(t) values of −23.7 to −10.7, and δ18O values of 5.76‰–6.55‰. These data, and the Neoproterozoic zircon ages (716–702 Ma), indicate that the primary magmas formed from recycled YC crust with a minor contribution from the NCC basement. The late Early Cretaceous HEGs have relatively high εNd(t) values (−9.33 to −8.70), high initial 206Pb/204Pb values (17.656–17.885), intermediate εHf(t) values (−12.3 to −6.18), and relatively low δ18O values (5.22‰–6.72‰), indicating that they formed from subducted YC and mantle material. Previous work on granites of the southern NCC has established two phases of granite formation. Late Jurassic to early Early Cretaceous I-type granites (160–130 Ma) occur throughout the southern NCC. These are adakitic and formed from thickened lower continental crust (LCC). Late Early Cretaceous A-type granites (130–110 Ma) formed from thinned LCC. The differences between Late Jurassic to early Early Cretaceous granites and late Early Cretaceous granites reflect a transformation in tectonic regime from thickening to thinning, which is attributed to rollback of the subducting Paleo-Pacific Plate.