The synthesis of two sulfur-decorated perylene diimides, the five-membered S-heterocyclic annulated perylene diimide (1) and 1-propanethiol- N,N′-dicyclohexylperylene-3,4,9,10-tetracarboxylic diimide (2), and a novel sulfoxide-containing perylene diimide, 1-propyl sulfoxide- N,N′-dicyclohexylperylene-3,4,9,10-tetracarboxylic diimide (3), are reported. The photophysical, electrochemical, aggregation, and thermal properties of these compounds are investigated by ultraviolet visible absorption, fluorescence, cyclic voltammetric, X-ray diffraction, and thermogravimetric analysis techniques. The geometries of the compounds are optimized at the 6-31G* level of theory using density functional theory, and their potentials are correlated with molecular orbitals. The prepared perylene diimide derivatives exhibit narrow the highest occupied molecular orbitals and the lowest unoccupied molecular orbitals band gaps, and they have quite different absorptions and emissions in dichloromethane solutions, which are in agreement with the density functional theory–calculated results.