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  • Previous Rank2
  • Revenues ($M)$387,056.00
  • Revenue Percent Change10.9%
  • Profits ($M)$8,174.80
  • Profits Percent Change-14.3%
  • Assets ($M)$572,309.50
  • Employees917,717

China’s state-owned power company supplies power to 1.1 billion people, covering 88% of the most populous nation’s terrain, and it boasts the annual revenues—$387 billion in 2018—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, citing national security concerns. State Grid has also aggressively been pursuing clean energy investment.

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Company Information

Xin Baoan
HQ Location
Years on Global 500 List19
Government owned 50% or more.

State Grid Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$387,056.0010.9%
Profits ($M)$8,174.80-14.3%
Assets ($M)$572,309.50-
Total Stockholder Equity ($M)$240,041.50-

Profit Ratios

Profit as % of Revenues2.1%
Profits as % of Assets1.4%
Profits as % of Stockholder Equity3.4%