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15. State Grid
State Grid
Rank: 15 (Previous rank: 24)
CEO: Liu Zhenya
Employees: 1,537,000
Address: 86 Xichang'an Ave.
Beijing,   100031
Country: China
Website: www.sgcc.com.cn

China's biggest power company -- dogged by natural disasters, high coal prices, and a slowing economy -- saw earnings fall by 80% in 2008. Its year was a tale of under-supply and overcapacity.

In the first half of 2008, state-owned China State Grid contended with a massive earthquake and the worst winter snowstorms in 50 years. At the same time, the price of coal used in its power plants spiked before the government ordered a cap. That led to rolling power shortages in the country. Later in the year, just as State Grid received increased coal shipments, growth in China's demand for power slowed for the first time since 1999. However the long-term outlook remains rosy: China's power demand and supply is expected to double by 2020.

  $ millions % change from 2007
Revenues 164,135.9 23.5
Profits 664.5 -85.0
Assets 240,868.6
Stockholders' equity 84,595.1
Profits as % of  
Revenues 0.4
Assets 0.3
Industry: Utilities
Rank Company Global 500
rank
Revenues
($ millions)
1 State Grid 15 164,135.9
2 …lectricitť de France 57 94,084.2
3 Enel 62 90,004.9
4 Tokyo Electric Power 124 58,605.2
5 Veolia Environnement 135 53,901.1
6 Scottish & Southern Energy 178 42,855.1
7 China Southern Power Grid 185 41,083.0
8 Centrica 193 39,140.1
9 Iberdrola 208 36,879.3
10 Korea Electric Power 305 28,712.5
11 Kansai Electric Power 324 27,767.6
12 National Grid 333 26,605.6
13 Chubu Electric Power 356 24,984.5
14 Vattenfall 357 24,957.2
15 CFE 370 24,196.1
16 Energie Baden-WŁrttemberg 377 23,866.0
17 China Huaneng Group 425 21,780.7
18 EDP-Energias de Portugal 457 20,336.6
19 Exelon 489 18,859.0
From the July 20, 2009 issue
Government owned 50% or more.
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Rank # of Global 500 Companies
U.S. 140
Japan 68
France 40
Company 2008 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,618,393
State Grid 1,537,000
Company 2008 Profits
($ millions)
Exxon Mobil $45,220
Gazprom $29,864
Royal Dutch Shell $26,277
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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