7 of 500
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.

Subscribe to Fortune Magazine
Is State Grid a great company, or what?
  $ 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.
Top 50 Headquarters
Interactive map
Find your top companies
 High revenue growth  High profit growth
 Big employer  Small employer
 Based in Asia  Based in Europe
 Based in U.S.

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)
Nestlť $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
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe