Core Viewpoint - Chinese concept stocks experienced significant declines, with notable drops in several companies' stock prices, indicating potential volatility in the market [1] Group 1: Stock Performance - Shangao Life Sciences saw a decline of 25%, closing at 0.900, with a drop of 0.300 and a trading volume of 7312.46 [1] - Mingzhu Freight dropped by 22.1%, ending at 0.779, with a decrease of 0.221 and a trading volume of 58.89 million [1] - Mercurity Fintech fell by 21.28%, closing at 18.150, with a decline of 4.905 and a trading volume of 1437.79 million [1] - Lixiang Education experienced a decrease of 15.94%, closing at 0.5590, with a drop of 0.1060 and a trading volume of 66.93 million [1] - Chang'an Energy declined by 15.05%, ending at 0.1580, with a decrease of 0.0280 and a trading volume of 113.56 million [1]