China Tobacco, of course. State Grid still does business at a loss, but China Tobacco never does. Buying tobacco leaves from tobacco farmers is making money, and throwing them into tobacco factories is also making money. Then the distribution task from the tobacco factory to the retailer will be undertaken by China Tobacco. Paying taxes all the way, plus the loss of transportation and processing, the top-grade tobacco leaves of 20 yuan/Jin from tobacco farmers have suddenly become hundreds of top-grade cigarettes.
State Grid Corporation is the largest power grid enterprise in China, formerly known as "State Power Company", including State Grid and all power plants. With power grid construction and operation as its core business, the business area covers 26 provinces (autonomous regions and municipalities directly under the Central Government) in China, covering 88% of the country's land area. The power supply population exceeds11860,000, and the total number of employees of the company exceeds1860,000.
The annual income exceeds one trillion, and a national grid is the top 20 Tencent. The main business of State Grid is selling electricity, and the main source of income is selling electricity. Everyone in China must know this, because none of us can live without electricity. The population of China is the best in the world, but the annual net income of State Grid is not very high. Electricity prices have always been controlled by the state. In the final analysis, the State Grid is only a state-owned company. State Grid buys electricity from five major power generation enterprises, and then delivers it to every household through large and small transmission networks and high-voltage electricity, and sells it to ordinary people. To earn the price difference, the State Grid has to build most of the constructive investment, which is really unprofitable.
China's UHV transmission technology is at the leading level in the world. In 20 13, China established a systematic technical system of UHV and smart grid, and compiled relevant international standards of 19. UHV AC voltage has become the international standard voltage. In 2009, the world's first UHV AC line-southeast Shanxi to Nanyang to Jingmen 1000 kV high-voltage line was put into use. In 20 16, Zhundong-Weinan 1 100KV UHV DC transmission project started construction, with a total length of more than 3,324 kilometers, which is the line with the highest transmission capacity and the longest transmission distance in the world.
The overseas layout of State Grid has taken shape, with the total overseas investment exceeding $654.38+00 billion and the total overseas assets reaching $40 billion. It has invested in and operated the backbone energy networks in seven countries and regions, including the Philippines, Brazil, Portugal and Australia. Power transmission and transformation projects are invested in many countries and regions, and overseas investment projects are profitable. It is reported that the goal of State Grid is that by 2020, the scale of overseas power assets will reach 10% of the company's total assets, and the profit contribution of international business will exceed 20%.