State Grid Corporation of China, one of the world's top 500 enterprises, an institution authorized by the State Council to invest in institutions and pilot units of state-holding companies, an important state-owned backbone unit of national energy security and the lifeline of the national economy, and a large-scale enterprise specializing in the construction and operation of power grids as its core business
State Grid Corporation of China, founded on December 29, 2002, is approved by the State Council to carry out state-authorized investment institutions and pilot units of the state holding company, for 10 consecutive years by the State-owned Assets Supervision and Administration Commission of the State Council performance assessment of A-level enterprises, "Fortune 500 enterprises to maintain the 7th", is the world's largest public utilities enterprises.
With the construction and operation of power grids as its core business, the company is a large state-owned key backbone enterprise related to the lifeline of the national economy and national energy security, and undertakes the basic mission of ensuring a safer, more economical, cleaner and sustainable power supply. The company operates according to the group company model, with a total employment of more than 1.86 million people. The company's business area covers 26 provinces (autonomous regions and municipalities directly under the central government), covering more than 88% of the country's land area, and the power supply population exceeds 1.1 billion people. The company operates its overseas assets in the Philippines, Brazil, Portugal, Australia and other countries steadily.
Founding Background
The State Grid Corporation of China is the largest power grid enterprise in China, formerly known as the "State Power Corporation", which includes the national power grid and all power plants.
In 2000 (Gengchen year), after the reform of the power system marked by the "separation of power plants and grids" began, the power transmission and distribution power grid business was spun off from the former State Power Corporation, and the State Grid Corporation operated and operated it. Each power plant is operated and operated by five "power generation groups" (Datang, China Power Investment, Guodian, Huadian and Huaneng).
In 2011, in accordance with the State-owned Assets Supervision and Administration Commission of the State Council's "separation of main and auxiliary" plan, the State Grid Corporation of China Southern Power Grid Co., Ltd. provincial power grid and regional power grid enterprises affiliated to the survey and design, thermal power construction, hydropower construction and repair enterprises and other auxiliary business units were stripped and established, and four central power design and construction enterprises were reorganized into two new companies.
The State Grid Corporation of China and China Southern Power Grid Co., Ltd. were reorganized into China Energy Construction Group Co., Ltd. in 15 provinces, autonomous regions and municipalities directly under the central government, including Beijing, Tianjin and Shanxi provinces, China Gezhouba Group Corporation and China Electric Power Engineering Consulting Group Corporation.
As an important state-owned backbone enterprise related to national energy security and the lifeline of the national economy, the State Grid Corporation of China takes investment, construction, operation and operation of power grids as its core business to provide a strong smart grid guarantee for economic and social development. The business area covers 26 provinces, autonomous regions and municipalities directly under the central government, covering 88% of the country's land area. The company implements the general manager responsibility system, and the general manager is the legal representative of the company.
Company performance
In 2006, the company sold 1.71 trillion kWh of electricity, its main business income was 852.9 billion yuan, its total assets were 1,214.1 billion yuan, and its asset-liability ratio was 60.43%.
In 2008, the company's main business income was 1,150 billion yuan, total assets were 1,214.1 billion yuan, and the asset-liability ratio was 60.43%.
In 2010, the company's main business income was 1,542.7 billion yuan, the company's electricity sales were 2,689.1 billion kilowatt hours, and the total assets were 2,119.2 billion yuan.
In 2004, the company ranked 46th among the Fortune Global 500 companies, with revenues of $58.348 billion.
In 2005, the company ranked 40th among the Fortune Global 500 companies, with revenues of $71,290.2 million.
In 2006, the company ranked 32nd among the Fortune Global 500 companies, with revenues of $86,984.3 million.
In 2007, the company ranked 29th among the Fortune Global 500 companies, with revenues of $107,185.5 million.
In 2008, the company ranked 24th among the Fortune Global 500 companies, with revenues of $132,885.1 million.
In 2009, the company ranked 15th among the Fortune Global 500 companies, with revenues of $164,135.9 million.
In 2010, the company ranked 8th among the Fortune Global 500 companies, with revenues of $184.496 billion.
In 2011, the company ranked 7th in the Fortune Global 500, with revenue of $226.294 billion.
In 2012, the company ranked 7th in the Fortune Global 500 list, with revenue of $259,141.8 million.
On February 3, 2012, the company acquired a 25% stake in Portugal's National Energy Grid Company for 387 million euros (about 3.2 billion yuan).
In 2013, the company ranked 7th among the Fortune Global 500 companies, with revenues of $298,448.8 million.
In 2014, the company ranked 7th among the Fortune Global 500 companies, with revenues of $333,386.5 million.
In 2015, the company ranked 7th among the Fortune Global 500 companies, with revenue of $339,426.5 million.
In 2016, the company ranked second among the Fortune Global 500 companies, with revenue of $329,601.3 million.
In 2016, the company ranked first among the top 500 Chinese enterprises in 2016, with an operating income of 207134945 million yuan.
