The power grid’s geomagnetically induced currents (GIC) during geomagnetic storms, are associated with a broad and abrupt harmonic impact, with the potential for grid paralysis and extensive power outages in severe scenarios. Therefore, the harmonic characteristics of geomagnetically induced currents in China’s ultra-high voltage (UHV) AC/DC power grid are analyzed in this paper. Firstly, a harmonic equivalent model of transformer GIC is established, and the injection of harmonics into the UHV AC/DC power grid during GIC events is quantified.Secondly, a harmonic state-space model is established by combining the 12-pulse converter switching function theory with the exponential Fourier series. The harmonic transmission and dynamic coupling characteristics of GIC in the UHV AC/DC power grid are analyzed using the harmonic equivalent model of the main transformer GIC and the harmonic equivalent model of the converter transformer GIC. Finally, a harmonic simulation model of the UHV AC/DC power grid under GIC is constructed using PSCAD, and the distribution of harmonics in the UHV AC/DC power grid under GIC is calculated. The calculations indicate that with 30 A injected GIC in the sending end transformers, the 2nd harmonic current on the sending end network side alone is 61.45 A, and the 3rd harmonic voltage on the valve side is 8.57 kV. The characteristics of harmonic transmission in the power grid result in a 2nd harmonic current of 34.87 A on the receiving end network side. Simultaneously, the total harmonic distortion of the AC power grid at the sending end is 2.35 %, surpassing the permissible limit established by the national standard. Consequently, this issue should be prioritized by the relevant power authorities.