State Grid headquarters in Beijing's Xicheng District
Trade name
SGCC
State Grid
Native name
国家电网公司
Company type
State-owned enterprise
Industry
Electric utility
Founded
2002; 22 years ago (2002)
Headquarters
Xicheng District, Beijing
,
China
Area served
China Philippines (through National Grid Corporation of the Philippines) Australia Brazil Italy Portugal Greece Chile
Key people
Xin Baoan (Chairman)
Huang Dean (Chief Compliance Officer)
Zhang Zhigang (President)
Pan Jingdong (Executive Vice President)
Zhu Min (Executive Vice President)
Products
Electrical grid, Electric power transmission
Services
Nuclear power transmission
Revenue
2,560,254,240,000 renminbi (2018)
Operating income
78,697,281,872 renminbi (2018)
Net income
US$ 10.201 billion (2015)[1]
Total assets
US$ 585.278 billion (2017)[1]
Total equity
US$ 207.345 billion (2015)[1]
Number of employees
1.566 million (2019) [2][3]
Website
www.sgcc.com.cn
State Grid Corporation of China
Simplified Chinese
国家电网公司
Traditional Chinese
國家電網公司
Literal meaning
National Power Grid Company
Transcriptions
Standard Mandarin
Hanyu Pinyin
Guójiā Diànwǎng Gōngsī
The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. As of March 2024[update], State Grid is the world's fourth largest company overall by revenue, behind Walmart, Saudi Aramco, and Amazon.[4] In 2022 it was reported as having 871,145 employees, 1.1 billion customers and revenue equivalent to US$460 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.
After the electricity Plant-Grid Separation reform in early 2002, the assets of State Electric Power Corporation (国家电力公司) were divided into five power generation groups that retained the power plants and five regional subsidiaries belonging to the State Grid Corporation of China in Beijing.[5]
^ abc"State Grid". Fortune Global 500. Archived from the original on 2 May 2017. Retrieved 29 April 2017.
^"State Grid's Competitors, Revenue, Number of Employees, Funding, Acquisitions & News – Owler Company Profile".
^"State Grid | 2021 Global 500".
^"Fortune 500".
^JamesPaton14, James Paton (31 March 2016). "China Builds an Empire of Electricity With Australia as Target". Bloomberg.com. Archived from the original on 2016-08-12. Retrieved 2016-08-11.{{cite news}}: CS1 maint: numeric names: authors list (link)
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Global Information
US$ 10.201 billion (2015)[1]