Ltd. was established on December 29, 2002, as a wholly state-owned company under the direct management of the central government in accordance with the provisions of the Company Law, and is a large state-owned key backbone enterprise related to the lifeblood of the national economy and national energy security. The company's core business is investment, construction and operation of power grids, and it undertakes the basic mission of ensuring safe, economic, clean and sustainable power supply.        The company operates in 26 provinces (autonomous regions and municipalities directly under the central government), covering more than 88% of the national territory and serving a population of more than 1.1 billion people. With a registered capital of RMB 829.5 billion and total assets of RMB 380.8830 billion, the company steadily operates assets in the Philippines, Brazil, Portugal, Australia, Italy, Greece, China (Hong Kong) and other countries and regions.        The company has been rated as an A-grade enterprise in the performance appraisal of central enterprises for 17 consecutive years, and was ranked No. 2 in the Fortune Global 500 and No. 1 in China's top 500 enterprises from 2016 to 2018, and is the world's largest utility company.In December 2018, the 2018 World Brand 500 compiled by the World Brand Lab was unveiled, and State Grid Corporation ranked No. 30 .In July 2019 On 22nd, the Fortune World 500 list was released, and State Grid Co. ranked 5th .On September 1, 2019, the 2019 China Top 100 Strategic Emerging Industry Leaders list was released in Jinan, and State Grid Co. ranked 20th; the 2019 China Top 500 Service Industry Enterprises list was released in Jinan, and State Grid Co. ranked 1st.2019 On December 18, People's Daily released the list of China Brand Development Index 100, and State Grid ranked No. 8. In April 2020, State Grid was selected as one of the "Science Reform Demonstration Enterprises" by the State-owned Assets Supervision and Administration Commission of the State Council, and was ranked No. 3 in the Fortune Global 500 on August 10, 2020 and No. 2 in the Fortune Global 500 in 2021.