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  • Previous Rank2
  • Revenues ($M)$315,199
  • Revenue Percent Change-4.4%
  • Profits ($M)$9,571.3
  • Profits Percent Change-6.2%
  • Assets ($M)$489,838
  • Employees926,067

This state-owned company is the world’s largest electric utility company and holds a monopoly in China. The core of its business revolves around constructing and operating power grids. State Grid was founded in 2002, a byproduct of China’s three-stage power sector reform that started in 1986. The reform separated the former State Power Corporation of China into two grid companies, resulting in the emergence of State Grid. The company now owns and manages five regional power grid companies and 24 electric power companies. In June, the company managed to run the Qinghai province on 100% renewable energy for seven days as part of a trial.

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Company Information

CEO
Kou Wei
Sector
Energy
Industry
Utilities
HQ Location
Beijing, China
Websitehttp://www.sgcc.com.cn
Years on Global 500 List17
Employees926,067
Government owned 50% or more.

State Grid Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$315,199-4.4%
Profits ($M)$9,571.3-6.2%
Assets ($M)$489,838-
Total Stockholder Equity ($M)$209,456-

Profit Ratios

Profit as % of Revenues3%
Profits as % of Assets2%
Profits as % of Stockholder Equity4.6%