Company Achieves Record-Breaking First-Quarter Revenue
Driven by Balanced Growth in Home Appliance and B2B Sectors

SEOUL, South Korea, April 24, 2025 /CNW/ — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 22.74 trillion and operating profit of KRW 1.26 trillion for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed KRW 1 trillion during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and direct-to-consumer (D2C) sales.

Vehicle solutions and heating, ventilation and air conditioning (HVAC) – both critical to LG’s B2B strategy and future growth – delivered record-breaking quarterly revenue and operating profit. Combined operating profit from the Vehicle Solution Company and Eco Solution Company increased 37.2 percent year-over-year, with revenue climbing 12.3 percent.

The Home Appliance Solution Company, LG’s flagship business and primary profit generator, also recorded its highest-ever quarterly revenue while maintaining global market leadership. The business is rapidly transforming through innovative models such as subscription services and D2C sales. Meanwhile, the media and entertainment segment demonstrated solid performance, led by continued growth in LG’s webOS-based advertising and content platform.

The LG Home Appliance Solution Company reported first-quarter revenue of KRW 6.70 trillion and operating profit of KRW 644.6 billion. Compared to the same period last year, revenue increased by 9.3 percent, setting a new record, and operating profit grew by 9.9 percent. The Company continues to maintain its market leadership while accelerating the growth of its subscription and D2C sales.

Looking to the second quarter, the Company anticipates increased uncertainty due to shifting global trade policies and increasing market competition. To address these challenges, the Company will expand its portfolio of new and volume-zone products, while deepening its focus on subscription and online businesses. Additional priorities include focusing on opportunities in B2B such as built-in appliances and external sales of key components like motors and compressors. Profitability efforts will center on enhancing cost competitiveness through optimizing operational efficiency.

The LG Media Entertainment Solution Company posted first-quarter revenue of KRW 4.95 trillion and operating profit of KRW 4.9 billion. While TV demand remained soft, growth in webOS-based advertising and content services made a greater contribution to performance. Revenue remained in line with the previous year, though profitability was impacted by rising LCD panel prices and higher marketing spend.

In the second quarter, the Company will seek to create synergies across its display-focused businesses, including TVs, commercial displays, and IT products such as laptops and monitors. While the market recovers slowly, the Company will emphasize profitability, particularly through premium products. The expanding webOS-based platform will aim to increase geographic reach and product base while advancing strategic partnerships with content providers to maintain its growth trajectory.

The LG Vehicle Solution Company recorded its highest-ever quarterly revenue and operating profit, with revenue of KRW 2.84 trillion and operating profit of KRW 125.1 billion. Growth continues to be powered by a robust order backlog totaling KRW 100 trillion. Notably, profitability improved in the in-vehicle infotainment business, where premium product share is steadily increasing. In the second quarter, the Company aims to sustain revenue growth and solidify a stable profit structure by expanding high-value product sales, optimizing operations in the EV component business, and enhancing resource efficiency.

The LG Eco Solution Company also achieved record-high quarterly revenue and operating profit. First-quarter revenue reached KRW 3.05 trillion, with operating profit of KRW 406.7 billion, resulting in a strong operating margin of 13.3 percent. Year-over-year, revenue rose 18.0 percent and operating profit grew 21.2 percent. Since the beginning of 2025, LG has operated its HVAC business as an independent division, with noticeable performance gains driven by efficient resource allocation and a B2B-focused organizational structure.

Alongside the Vehicle Solution Company, the Eco Solution Company serves as a core engine of LG’s B2B growth. In the second quarter, the Company will seek to expand sales of new residential HVAC products and secure commercial air conditioning contracts in emerging markets. It also plans to target large-scale industrial and power-generation projects – including AI data centers – by leveraging its ultra-large chiller solutions.

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SOURCE LG Electronics

PQShield’s UltraPQ-Suite allows companies across the global technology supply chain to adapt to new post-quantum cryptography (PQC) standardsThe products offer an unparalleled range of IP for critical use cases, offering ultra fast, ultra small and ultra secure highly optimized implementations of PQCThe suite includes a new product, PQPlatform-TrustSys, a high assurance PQC-first Root of Trust solution that integrates both existing Public Key and PQC algorithms

LONDON, April 24, 2025 /PRNewswire/ — Today PQShield, the leading provider of post-quantum cryptography (PQC) solutions, announces the launch of a newly updated product suite, beginning with the introduction of PQPlatform-TrustSys – a new quantum-safe Root of Trust solution that will enable ASIC and FPGA hardware to achieve compliance with new PQC standards set out in regulations like the NSA’s CNSA 2.0.

PQPlatform-TrustSys falls under the ultra secure pillar of PQShield’s UltraPQ-Suite, which offers a range of ultra fast, ultra small and ultra secure highly optimized implementations of PQC for critical use cases as the global supply chain delivers the transition to new cryptographic standards.

Deeply-specialised implementations of PQC for a post-standards world

PQShield’s varied product suite allows organisations to choose implementations of PQC that best match their priorities – something that is increasingly important for manufacturers that require either fast-performance, high-security, or low-footprint solutions.

Its three pillars – ultra fast, ultra secure and ultra small – means PQShield can deliver high quality PQC products to address customers’ optimization problems head-on.

Ultra fast delivers high-performance PQC at the core of the network to accelerate new and existing applications in FPGA or ASIC. PQShield’s core product in this category, PQPerform-Lattice, optimises key encapsulations per second to maintain strong latency performance and optimise power consumption. This is particularly critical in the networking sector, for example with applications like firewalls, routers and HSMs.PQShield’s ultra secure implementations are optimised for use in products that are the target of highly sophisticated attackers, for instance in critical infrastructure devices with a long lifecycle that require the highest levels of integrity. Side channel attack (SCA) and fault injection attack (FIA) resistance are also key to this category. This is particularly important for device attestation, where confirming that your device has not been tampered with, compromised, or running unauthorized firmware/software enabling remote trust establishment is critical. PQPlatform-TrustSys is PQShield’s leading product in this pillar but there are also a range of modular IPs that can future proof existing security implementations.Ultra small targets implementations in memory-constrained devices, embedded systems, microcontrollers and devices that are already in the field, like energy smart meters and industrial controls. PQShield’s leading ultra small product, PQCryptoLib-Embedded, is the smallest implementation of PQC on the market. This is particularly useful for OEMs and device manufacturers, where efficient implementations of PQC are needed to secure end-to-end-encrypted (E2EE) comms channels, as well as ensuring data confidentiality and integrity.

PQShield’s deep knowledge of global PQC standards (as co-authors of all PQC standards to date), cryptographic algorithms, patented technologies, protocols and security techniques sets it apart from both competitors and open-source alternatives. Its solutions are rigorously tested to meet Cloud, Edge, or Government grade standards, aligning across certifications like NIST, Common Criteria, SESIP, and PSA.

Introducing PQPlatform-TrustSys – PQC-first Root of Trust

In 2024, the PKfail vulnerability highlighted multiple security issues within Secure Boot and Secure Update mechanisms, which now need to be updated to PQC to protect organisations and maintain platform security, as Secure Boot and Secure Update play a fundamental role in protecting against malware.

Product developers will need to ensure they meet both existing and new regulatory requirements with clear timelines set out by NIST, both for the adoption of PQC and more crucial for Secure Boot, the complete phase-out of RSA by 2035. Looking across current guidance from across the globe and industry it is abundantly clear that we have a 5-10yr window to migrate:

The newest product in PQShield’s range, PQPlatform-TrustSys, is designed to respond to these challenges, helping manufacturers achieve compliance with cybersecurity regulations with minimal integration time and effort. Built as a PQC-first design, this allows for strong, efficient, and quantum-resistant security implementations, free from the limitations of older architectures.

PQPlatform-TrustSys offers comprehensive key management by tracking the key’s origin and permission including key revocation, which is an essential and often overlooked part of securing any large-scale cryptographic deployment. It allows the Root of Trust to enforce restrictions on critical operations and maintain security even if the host system is compromised. Additionally, both key origin and permission attributes are extended to cryptographic accelerators that are connected to a Private Peripheral Bus.

When a device is physically exposed to potential attackers – which includes most implementations of ASIC and FPGA hardware in consumer devices, automotive use, and communications networks – so-called “side-channel attacks” that exploit timing, power, and fault vulnerabilities need to be considered as well.

Ali El Kaafarani, founder and CEO of PQShield, said: “With new standards announced, last year was pivotal in the progress towards quantum security. 2025 is where we run into the real challenge – implementation. Given the wide range of implementation use cases, we need to offer manufacturers enough flexibility and crypto-agility to roll out PQC in a way that meets their priorities.

“I am proud to be launching PQShield’s UltraPQ-Suite to help the supply chain on this journey. Our ultra secure, ultra fast and ultra small products address the major challenges manufacturers face when choosing an implementation of PQC, enabling them to more easily protect the next generation of devices and digital infrastructure that reaches the market.”

Dr Axel Poschmann, VP of Product at PQShield, said: “I am excited to introduce PQPlatform-TrustSys to support ASIC and FPGA manufacturers in bringing quantum-safe products to market. This hardware holds a critical role in the global technology supply chain, and by assisting its adoption of post-quantum cryptography, we can help accelerate the overall global transition to quantum security.”

The launch follows PQShield achieving FIPS 140-3 certification through the Cryptographic Module Verification Program (CMVP), which is designed to evaluate cryptographic modules and provide agencies and organizations with a metric for security products, as well as building its own silicon test chip to prove this can all be delivered ‘first time right’.

About PQShield

PQShield is a post-quantum cryptography (PQC) company building the quantum-safe cryptography solutions that are modernizing the vital security systems and components of the global technology supply chain. We deliver real-world, high-quality secure implementations of quantum-safe cryptography in hardware, software and the cloud, as well as being a leading contributor to post-quantum cryptography standardization projects around the world.

Headquartered in the UK, with a 90-strong team across 10 countries, PQShield’s contribution has been recognised by Bloomberg, Wired, Fast Company and the World Economic Forum. The company is backed by Addition, Oxford Science Enterprises, Chevron Technology Ventures, Legal & General, Braavos Capital, Kindred Capital, Crane and Innovate UK. Its extensive catalog of technical publications is available here.

About PQPlatform-TrustSys

PQShield’s PQPlatform-TrustSys is designed to help manufacturers achieve compliance with cybersecurity regulations with minimal integration time and effort. It offers the following features for ASIC and FPGA implementations:

Updatable firmwareSecure bootSecure updateSecure remote attestationSecure lifecycle managementSecure debug and test enableStandard compliant cryptographic servicesAgile Key storage and key managementKey revocationTRNG and PUFPrivate peripheral bus to connect additional cryptographic accelerators

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SHANGHAI, April 24, 2025 /PRNewswire/ — ChangAn Automobile (“ChangAn” or “the Company”), an intelligent low-carbon mobility technology company, unveiled its “Together for a Smarter World” theme at Auto Shanghai 2025 on April 23, reviewing progress on its three key initiatives — the Mission of Shangri-La, Dubhe 2.0 Plan, and Vast Ocean Plan — marking a new phase in its efforts in new energy, intelligence, and global expansion.

Mr. Zhu Huarong, Chairman of ChangAn Automobile, commented: “The auto industry is entering the ‘second half of intelligence,’ where success will be defined by leadership in intelligence, globalization, and energy diversification—ChangAn’s three core pillars. As the landscape evolves, we will remain committed to our strategy of steady and bold progress as we transition into an intelligent, low-carbon mobility technology company.”

ChangAn’s Shangri-La Mission for new energy vehicles is progressing rapidly. To meet the needs of various customers in the huge global market, the Company has established the AVATR, DEEPAL, and CHANG-AN electric brands and launched 22 new energy models to date. With over 400 key breakthroughs in the core areas of “three-electrics” technologies—battery, motor, and electric control—breakthroughs include the Golden Shield Battery with 5C fast-charging, reducing recharging time from 30% to 80% in under 10 minutes, and an intelligent power-off system. The New BlueCore 3.0 integrated powertrain introduces innovative range extension technology. Additionally, a dual-motor electric drive system in plug-in hybrids offers seamless switching between hybrid and range extender modes. ChangAn partners with CATL for solid-state battery development and battery recycling, enhancing the new energy ecosystem.

ChangAn’s Dubhe 2.0 Plan for intelligence has formed an R&D team of 5,000. With 100% of the entire product line intelligently connected in 2020, over 20 industry-leading technologies including the Intelligent TS Drive assisted driving system, Intelligent TY Cockpit, and Intelligent TH Chassis, along with technologies such as on-the-spot 3-point turns and pendulum-style autonomous parking, have been unveiled. In 2020, 100% of the entire product line was intelligently connected and more than 20 industry-leading technologies such as Intelligent TS Drive, Intelligent TY Cockpit, and Intelligent TH Chassis featuring technologies such as U-turn on the spot and pendulum parking have been unveiled. Built on the CHANG-AN SDA platform, the CHANG-AN Intelligent TS Drive system features collision avoidance in dark and severe weather, with top-tier night vision. ChangAn has also formed strategic partnerships with leading technology companies, integrating world-class resources to develop new energy brands.

ChangAn’s Vast Ocean Plan has accelerated, with international sales surpassing 536,000 vehicles in 2024, ranking among the top three in the industry. ChangAn has expanded with six subsidiaries in Thailand, Mexico, and Germany, and nine KD factories. The Company’s first international new energy vehicle manufacturing base, ChangAn Auto Thailand Factory, is set to begin production soon. Since the launch of the Vast Ocean Plan in 2023, The Company has held 22 regional brand conferences, entered 11 new markets, and established 750 new channels, bringing its total to over 9,000 locations worldwide.

With its three-pronged strategy in full swing, ChangAn is driving the auto industry into a new era of intelligent, low-carbon mobility with a global vision, advanced technology, and a strong focus on sustainability.

About ChangAn Automobile

ChangAn is an intelligent low-carbon mobility technology company. In April 2025, ChangAn released its 2024 ESG Report—the 17th since 2008. The Company has supported initiatives such as disaster relief in Southeast Asia, the Luban Workshop in Peru, and desertification control in Saudi Arabia. Its commitment to sustainability earned it a place on the “Top 100 ESG-listed Companies in China” for the first time.

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