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Global 500

China Stringer Network—Reuters

2

State Grid

China

China’s state-owned power company supplies power to 1.1 billion people, covering 88% of the most populous nation’s terrain, and boasts the annual revenues—$348.9 billion in 2017—to reflect the colossal nature of those operations. The world’s largest utility also owns and operates a growing portfolio of assets around the world, from Australia to Italy to Brazil, an expansion project that has increasingly drawn the attention of foreign regulators. Australia rejected a State Grid bid in recent years in the name of national security. State Grid has also aggressively been pursuing clean energy investment.

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CEO

Kou Wei

Sector

Energy

Industry

Utilities

HQ Location

Beijing

Years on Global 500 List

18

Employees

913,546

Government owned 50% or more.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$348,90310.7%
Profits ($M)$9,533.4-0.4%
Assets ($M)$585,278
Total Stockholder Equity ($M)$239,743
Profit Ratios
Profit as % of Revenues2.7%
Profits as % of Assets1.6%
Profits as % of Stockholder Equity4.0%