Optimizing the system structure and introducing beam splitting technology are effective strategies for enhancing the operational performance of concentrating solar photovoltaic/thermal (PV/T) systems. In this study, a twostage concentrating PV/T system based on beam splitting is proposed, and the system is analyzed using a fully coupled optical-thermal-electrical method. First, the reliability of the established discrete ordinates (DO) radiation model is verified using the Monte Carlo Ray Tracing (MCRT) method. Next, the obtained quantitative results are applied as a volumetric heat source in a 3D flow heat transfer model. Finally, the operational characteristics of the two-stage concentrating nanofluid PV/T system under various operating conditions are investigated parametrically. The results demonstrate that the radiative fluxes obtained from the 2D DO radiation model are in good agreement with those derived from the MCRT method. Under the series operating condition of the 3D flow heat transfer model, the electrical efficiency of the PV subsystem is 22.13 %, the thermal efficiency of the integrated system is 71.85 %, and the exergy efficiency is 20.77 %, with a nanofluid inlet temperature of 25 degrees C and an inlet mass flow rate of 0.03 kg/s. This study also evaluates the system's operating efficiency under series and parallel configurations, showing that the series configuration achieves higher exergy efficiency, while the parallel configuration enhances the thermal efficiency of the system.