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Global 500

ED JONES — AFP/Getty Images

2

State Grid

China

No one is taking State Grid’s place as the world’s largest utility anytime soon. The Chinese giant enjoys a monopoly like few others. State Grid’s spending on solar farms, wind, and alternative energy sources has counted in the tens of billions lately, driven by China’s unprecedented push into alternatives. After executives were caught up in China president Xi Jinping’s anti-corruption campaign last year, State Grid has avoided negative headlines for more conversations about China’s energy future.

CEO

Shu Yinbiao

Sector

Energy

Industry

Utilities

HQ Location

Beijing, China

Employees

927,839

Years on Global 500 List

16

Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$329,601-2.9%
Profits ($M)$10,2014.1%
Assets ($M)$478,539
Total Stockholder Equity ($M)$207,345
Profit Ratios
Profit as % of Revenues3.1%
Profits as % of Assets2.1%
Profits as % of Stockholder Equity4.9%