Core Viewpoint - The 3 trillion yuan debt of the State Grid is not a sign of loss but a testament to its commitment to ensuring electricity access for 1.4 billion people, reflecting its role in safeguarding the livelihood of the population [1][13]. Financial Overview - The State Grid has accumulated over 15 trillion yuan in infrastructure investments to achieve a 100% electricity coverage rate in China, significantly higher than the global average of 85% [10]. - Despite generating substantial annual profits, the company's domestic business profit margin is less than 2%, which is considerably lower than that of the internet and financial sectors [13]. International Context - In contrast to the global energy crisis, where European countries faced skyrocketing electricity prices, China's electricity prices remained stable at 0.5-0.6 yuan per kilowatt-hour, only one-fifth of European rates [4]. - The State Grid operates in over 100 countries, with its overseas business generating significant revenue, including 220 billion yuan in 2020, which supports domestic operations [9][11]. Infrastructure Investment - The State Grid has built over 800,000 kilometers of high-voltage transmission lines, equivalent to circling the Earth 20 times, ensuring reliable electricity delivery [6]. - In rural areas, the reliability of electricity supply has reached 99.87%, with significant investments in infrastructure to support this achievement [8]. Social Impact - The implementation of smart pricing policies has allowed households to save on electricity costs, with potential annual savings of 288 yuan for an average family [5]. - Special subsidies for agricultural electricity have further reduced costs for farmers, promoting food security and rural revitalization [5]. Commitment to Service - The State Grid's commitment to providing electricity to remote areas often results in high costs with minimal returns, exemplified by projects in regions like Tibet and Xinjiang [7]. - The company prioritizes universal electricity access, ensuring that even the most remote households are connected to the grid, reflecting its dedication to social responsibility [9][13].