The invention discloses an intelligent substation measuring and controlling device with the equipment operating state information processing function. The intelligent substation measuring and controlling device is composed of four circuit modules. The four circuit modules conduct data and information exchange through a data bus. The four circuit modules are the first circuit module, the second circuit module, the third circuit module and the third circuit module respectively, wherein the first circuit module is composed of a process level data processing circuit, the second circuit module is composed of a liquid crystal panel management circuit, the third circuit module is composed of a measuring and controlling function circuit, and the fourth circuit module is composed of a data processing circuit. For the measuring device with the four circuit modules, under the condition that the first circuit module and the third circuit module are not changed and through the configuration of devices of the second circuit module and the fourth circuit module, the measuring and controlling device can achieve the basic functions such as information acquisition, measurement, control, protection, metering, monitoring and the like of a traditional measuring and controlling device and also achieve the functions of measuring and controlling device operating state data generation and display and information remote transmission.