This paper proposes a design of a new shock absorber with combined mechanical- electromagnetic- hydraulic structure, and expounds its working principles. This new type of absorber can recyle the vibration energy and transform it into electrical energy for use. However, in its working process, the damping force in extension stroke is always smaller than that in compression stroke, which is determined by the inner structure, while in traditional absorbers, it is just the opposite. This does not meet the practical demands. Directing at this problem, the paper puts out a way to make real-time adjustment to the damping force by controlling the generator load, and tests the feasibility with a simulation model built with AMESim. The test result reveals that the method is feasible. This contributes a lot to the future further research on active control.