Our annual ranking of the world's largest corporations

7 of 500
7. State Grid
State Grid
Rank: 7 (Previous rank: 7)
CEO: Liu Zhenya
Employees: 1,583,000
Address: 86 W. Chang'An St.
Beijing, 100031
Country: China
Website: www.sgcc.com.cn

China's government-owned power company is in pretty good shape compared to its neighbors in Europe. The turbulent economic situation overseas has left many countries -- including Spain -- turning to China for a lifeline. Just last month, State Grid announced its plan to buy high-voltage electricity transmissions from Spanish construction company Actividades de Construccion y Servicios for $938.2 million. --Sierra Jiminez, associate producer

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  $ millions % change from 2010
Revenues 259,141.8 14.5
Profits 5,678.1 24.6
Assets 351,380.8 --
Stockholders' equity 135,107.5 --
Profits as % of  
Revenues 2.2
Assets 1.6159
From the July 23, 2012 issue
Government owned 50% or more.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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