The network structure of the smart substation in common use was introduced, and the technical problem of the shared-network of sampled measured value (SMV) and generic object oriented substation event (GOOSE) was analyzed, such as the processing ability of network device and the intelligent device, the data real-time property and the network reliability, the effects to the substation in the condition of network fault, and so on. On this basis, the feasibility of the shared-network of SMV and GOOSE was discussed, the implement scheme were presented, and eventually came to the solution of the shared-network of SMV and GOOSE, which based on the applications of the message priority control, restricting the switch number, virtual local area network (VLAN) and GARP multicast registration protocol (GMRP) classification flow control, etc. In the test-bed, the cases of shared-network and separate-network of SMV and GOOSE were compared and analyzed, and the result was valuable for reference.