The invention relates to a suspension type electric hoist applicable for material transfer through a soil removal port in a top-down method. The electric hoist comprises an upper suspension beam madeof I-beams, a lower crane beam which is provided with a guide rail, a plurality of middle interconnecting members welded between the upper suspension beam and the lower crane beam, and a movable electric hoisting mechanism comprising an electric hoist body, a pulley and a lifting hook. The upper suspension beam is bridged on floors on the both sides of the soil removal port, and the lower crane beam is hung below the suspension beam; and the electric hoisting mechanism is arranged on the lower crane beam, moved right and left in a limited guide rail interval, and controlled to execute or hoistand move materials on the floor to the soil removal port, then penetrate and place the materials onto an operation layer below, or hoist the materials on the operation layer below to the floor, and then move the materials right and left onto a target stacking position according to the requirements. Material transfer between the floors is conducted conveniently, efficiently, quickly and safely, and the problem that no applicable hoisting machine is provided for material transfer between the floors in the top-down method is solved.