Is State Grid a State-owned enterprise?

State Grid is a state-owned enterprise and a central enterprise. In the list of the world's top 500 enterprises published in recent years, State Grid Corporation ranks second and is a very good employment unit.

company profile

State Grid Co., Ltd. is a wholly state-owned company directly managed by the central government established in accordance with the provisions of the Company Law, and is a super-large state-owned key enterprise related to the lifeline of the national economy and national energy security. The core business of the company is to invest in power grid construction and operation, and undertake the basic mission of ensuring safe, economical, clean and sustainable power supply.

Please click to enter a picture description.

Development history

China electric power industry has a history of 140 years. 1949 after the establishment of People's Republic of China (PRC), the management system of electric power industry has undergone many changes, including the Ministry of fuel industry, the Ministry of electric power industry, the Ministry of water and electricity, and the Ministry of energy. The Ministry of electric power industry was established in 1993. 1997, the state power company was established and operated with two brands and one team of the Ministry of Electric Power Industry. In 2002, the State Council implemented the power system reform and decided to establish State Grid Corporation on the basis of some enterprises and institutions of the former State Power Corporation. In 20 17, the State Council implemented the restructuring of the central enterprise company system. The company was changed from an enterprise owned by the whole people to a wholly state-owned company, and its name was changed to "State Grid Corporation".

Please click to enter a picture description.

Enterprise service

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 service population exceeds 1 1 billion. The company has a registered capital of 829.5 billion yuan and total assets of 3.93 trillion yuan. The company operates assets stably in the Philippines, Brazil, Portugal, Australia, Italy, Greece, China, Hongkong and other countries and regions. The company has been rated as an A-level enterprise in the performance appraisal of central enterprises for 14 years in a row, ranking in the forefront of Fortune Global 500, and is the largest public utility enterprise in the world.

Please click to enter a picture description.