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What does Qingyuan Power Supply Bureau Branch mean?

Hello, I am from Shandong Electric Power Company. Let me explain to you our example.

Weifang City is a prefecture-level city in Shandong Province, and Weifang Power Supply Company is a branch of Shandong Electric Power Company.

Qingzhou City is a county-level city in Weifang City. Qingzhou City Power Supply Company is a subsidiary of Shandong Electric Power Company.

The provincial power company is a subsidiary of the State Grid Corporation of China. Wholly-owned subsidiaries

Branch companies and subsidiaries are different in terms of independent legal persons. It is impossible to compare which one is bigger and which one is smaller.