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State Grid

  • Previous Rank2
  • Revenues ($M)$348,903
  • Revenue Percent Change10.7%
  • Profits ($M)$9,533.40
  • Profits Percent Change-0.4%
  • Assets ($M)$585,278
  • Employees913,546

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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Company Information

CEO
Kou Wei
Sector
Energy
Industry
Utilities
HQ Location
Beijing
Websitehttp://www.sgcc.com.cn
Years on Global 500 List18
Employees913,546
Government owned 50% or more.

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$348,90310.7%
Profits ($M)$9,533.40-0.4%
Assets ($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%