Aspect-based sentiment analysis (ABSA) has attracted broad attention due to its commercial value. Natural Language Generation-based (NLG) approaches dominate the recent advance in ABSA tasks. However, current NLG practices are inefficient because most of them directly employ an autoregressive generation framework that cannot efficiently generate location information and semantic representations of ABSA targets. In this paper, we propose a novel framework, namely Efficient Hybrid Generation (EHG) to revolutionize traditions. Specifically, we leverage an Efficient Hybrid Transformer to generate the location and semantic information of ABSA targets in parallel. Besides, we design a novel global hybrid loss function in combination with bipartite matching to achieve end-to-end model training. Extensive experiments demonstrate that our proposed EHG framework outperforms current state-of-the-art methods in almost all cases and outperforms existing NLG-based methods in terms of inference efficiency.