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  • Previous Rank
    7
  • Revenues ($M)
    $329,601
  • Revenue Percent Change
    -2.9%
  • Profits ($M)
    $10,201
  • Profits Percent Change
    4.1%
  • Assets ($M)
    $478,539
  • Employees
    927,839

No one is taking State Grid’s place as the world’s largest utility anytime soon. The Chinese giant enjoys a monopoly like few others. State Grid’s spending on solar farms, wind, and alternative energy sources has counted in the tens of billions lately, driven by China’s unprecedented push into alternatives. After executives were caught up in China president Xi Jinping’s anti-corruption campaign last year, State Grid has avoided negative headlines for more conversations about China’s energy future.

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Company Information

CEO
Shu Yinbiao
Sector
Energy
Industry
Utilities
HQ Location
Beijing, China
Employees927,839
Websitehttp://www.sgcc.com.cn
Years on Global 500 List16
Government owned 50% or more.

State Grid Rank History

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Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$329,601-2.9%
Profits ($M)$10,2014.1%
Assets ($M)$478,539-
Total Stockholder Equity ($M)$207,345-

Profit Ratios

Profit as % of Revenues3.1%
Profits as % of Assets2.1%
Profits as % of Stockholder Equity4.9%