This paper reports the preparation of green-emissioned CDs by a one-step hydrothermal route with DL-malic acid and ethylenediamine as raw materials and further explored the impacts of the amount of reactants, the reaction time, and temperature upon the optical properties of prepared CDs, to select the optimal preparation parameters. The optical properties, surface groups, and element components of the prepared CDs have been systematically studied by UV-Vis absorption spectra, fluorescence spectra, FTIR, EDS, and XPS. The prepared CDs have been applied to realize the fingerprint development, fluorescence ink, and, specifically, the detection of Fe2+ through an inner filter effect with its detection range at 2.0×10−7−2.3×10−5 mol/L.