7 of 500
State Grid
State Grid
7
Rank: 7
Previous rank: 7
CEO: Liu Zhenya
Employees: 849,594

The government-owned State Grid Corporation remains China’s largest power distributor, supplying power to nearly 80% of the country’s territory. But despite dominating its home country, State Grid has global aspirations. This May, it announced a double-barrel deal with Singapore Power -- reportedly worth around $3 billion -- that will make it one of the largest power distributors in Australia. The deal is the latest in State Grid’s overseas investments conducted in recent years, including those in Brazil, Philippines, and Portugal.

Headquarters:
86 W. Chang'An St.
Beijing. 100031
China
86-10-6659-7588
Website: www.sgcc.com.cn
Key financials
$ millions
% change from 2011
Revenues
298,449
15.2
Profits
12,318
116.9
Assets
374,546
Stockholder's equity
156,323
Profits as % of
Revenues
4.1
Assets
3.3
From the July 22, 2013 issue

Notes:
Government owned 50% or more.
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