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作者：阳歌
It was once seen as a greenfield for huge potential growth in China, feeding off the rise of a new middle class eager to improve their smiles and oral health. But these days, the nation’s dental sector is rapidly losing that polish, hampered by a slowing economy, as well as pressures from Beijing’s efforts to control costs through central procurement programs.
中国牙科市场曾被视为一片成长潜力巨大的蓝海，受惠于新兴中产阶级崛起，人们愈来愈重视牙齿美观与口腔健康。然而如今，这个行业正迅速失去昔日光彩，在经济放缓的背景下，加上北京透过集中带量采购压低医疗成本的政策压力，整个牙科产业面临明显掣肘。
Into that wash, dental materials supplier Huge Dental Ltd. is making a new attempt to attract investors with its latest filing for a Hong Kong IPO last week. Huge Dental is no stranger to capital markets, having previously listed on Beijing’s thinly traded National Equities Exchange and Quotations (NEEQ) market and making several attempts to list on the larger A-share markets in Shenzhen and Shanghai. It filed to list in Hong Kong last year, but never completed that plan and is now trying again.
在这样的环境下，口腔医疗材料供应商沪鸽上周再次递交香港上市申请，试图吸引投资者目光。沪鸽并非首次进入资本市场，公司曾在北京交投清淡的全国中小企业股份转让系统（NEEQ）挂牌，也多次尝试在深圳与上海A股市场上市。公司去年已递表申请香港上市，但未能完成，如今卷土重来。