SHANGHAI ( TheStreet) -- Solarfun Power Holdings ( SOLF) reported fourth quarter results in line with street forecasts. Earnings per share after accounting for a foreign-exchange loss and change in fair value in derivative instruments were estimated at 22 cents by Simmons & Company analyst Burt Chao. The Street consensus for Solarfun earnings was 24 cents per share. Solarfun's revenues of $183.5 million were $1 million below the street consensus of $184.5 million. The in-line performance from Solarfun was not as eye-popping as some of the extensive outperformance in fourth-quarter numbers from other Chinese solar companies, including Suntech Power's ( SOLF) fourth-quarter earnings reported on Thursday. What's more, while some Chinese solar companies had record gross margins in the fourth quarter -- in addition to beating on earnings per share and revenues -- Solarfun's gross margin level actually decreased in the fourth quarter, 18.8% in the fourth quarter versus 20.7% in the previous quarter. Simmons & Company's Chao, however, had estimated gross margins of 14.5%, well below Solarfun's reported level. Expenses as a percentage of total revenue increased to 8.8%, up from. 7.6% in the previous quarter. Solarfun raised its shipment guidance by 100 megawatts (MW), to 600 MW in 2010. Solarfun expects shipments to be in the range of 130 MW to 140 MW in the first quarter.