September 6 -- Shanghai Jialeng Songzhi Automobile Air-condition (Songzhi A/C) (002454) intends to inject 124 million yuan into its four subsidiaries, reports Yicai.com, citing a company filing.

Specifically, 30 million yuan will go to its subsidiary in Xiamen to expand its production capacity for by 2,500 bus air-conditioners per year. The investment is expected to add sales revenue of 70 million yuan and net profit of eight million yuan.

Another 50 million yuan will be injected into the company’s Chengdu subsidiary to boost its annual capacity by 1,500 bus air-conditioners and 50,000 car air-conditioners.

Songzhi A/C will give its Chongqing subsidiary 25 million yuan to expand its production capacity for automobile air-conditioners by 60,000 sets per year.

Subsidiary company Kufeng will get 19 million yuan to expand its wind blower production capacity of by 500,000 sets per year, wiring harness by 100,000 sets per year and pipelines by 50,000 sets per year.

The four expansion projects are expected to generate additional sales revenue of 270 million yuan and net profit of 21.5 million yuan. They entail a one-year construction period, the source said.

Songzhi A/C was founded in 2008 and listed in 2010.