zhè / jiā / lǎo / zì / hào / céng / jīng / shí / xíng / gōng / sī / hé / yíng / hòu / lái / gǎi / wéi / guó / yǒu / qǐ / yè

这家老字号曾经实行公私合营，后来改为国有企业。

This time-honored business once operated under joint public-private ownership before becoming a state-owned enterprise.