每周股票复盘：鹿山新材（603051）出资3000万元参设产业基金

Core Viewpoint - The stock price of Lushan New Materials (603051) has decreased by 11.96% this week, closing at 20.4 yuan, with a total market capitalization of 3.297 billion yuan as of November 21, 2025 [1] Company Announcements - Lushan New Materials has invested 30 million yuan to establish a venture capital fund with a total scale of 100 million yuan, in partnership with Wanlian Tianze Capital Investment Co., Ltd. and Guangzhou High-Quality Development Fund Partnership [1] - The fund, named Guangzhou Tianze Lushan New Materials Venture Capital Fund Partnership (Limited Partnership), will focus on venture capital and equity investments, with an 8-year duration consisting of a 5-year investment period and a 3-year exit period [1] - The investment decision-making committee will consist of 5 members, requiring unanimous agreement for decisions, and profit distribution will prioritize the return of paid-in capital followed by an 8% annualized return, with 80% of remaining profits distributed among partners based on their contributions [1]