State Grid Corporation of China

State Grid Corporation of China

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	US$ 545.95 billion (2023)[1]
Operating income	US$ 12.127 billion (2023)[1]
Net income	US$ 9.204 billion (2023)[1]
Total assets	US$ 781.126 billion (2023)[1]
Total equity	US$ 344.176 billion (2023)[1]
Number of employees	1.361 million (2023)[1]
Website	www.sgcc.com.cn

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 third largest company overall by revenue, behind Walmart and Amazon.^[2] In 2023 it was reported as having 1.3 million employees, 1.1 billion customers and revenue equivalent to US$546 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.^[3]