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7. State Grid
State Grid
Rank: 7 (Previous rank: 8)
CEO: Liu Zhenya
Employees: 1,564,000
Address: 86 Xichang'an Ave.
Beijing  100031
Country: China
Website: www.sgcc.com.cn

China's top power company is expanding along with the nation's growing energy needs, moving up one spot to No. 7 from last year's Global 500 list. Founded in 2002, the company claims it now supplies energy to over a billion people across 26 Chinese provinces.

State Grid is also investing heavily in gathering consumer energy use data via smart meters. The company purchased 70% of the 17.4 million smart meter units shipped worldwide in the first quarter of 2011, according to energy research firm Pike Research. --S.D.


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  $ millions % change from 2009
Revenues 226,294.0 22.7
Profits 4,556.1 N.A.
Assets 315,268.3 --
Stockholders' equity 115,413.2 --
Profits as % of  
Revenues 2
Assets 1.4
From the July 25, 2011 issue
Government owned 50% or more.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestl $32,843
Gazprom $31,895
Exxon Mobil $30,460
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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