Alternating current electroluminescence (ACEL) is a rapidly evolving technology with wide usage in intelligent and wearable display field owing to its high luminous efficiency and excellent flexibility. The purpose of this research is to develop and optimize the ink formula, create an inorganic ACEL device with dual-emission structure and superior performance, and investigate the effect of pigment concentration on the performance of luminescent ink. Through examination of ink and device performance, the study showed that a pigment concentration of 1:1 provided the best printing adaptability for the luminescent ink. Meanwhile, the device demonstrated the highest luminous efficiency of 77.73% and the maximum luminance of 189.56 cd/m² at a voltage of 140 V and a frequency of 3000 Hz. This design scheme offers valuable insights for the production of electroluminescent inks with superior printing and luminescent properties, as well as contributing to the advancement of electroluminescent devices.