The invention provides a high performance cutting pick and a manufacturing method thereof, the high performance cutting pick comprises a tooth tip and a tooth body. The tooth body is high-strength, high-toughness and high-wear-resistance steel. The chemical components are as following by weight percent, 0.30 to 0.40 of C, 2.30 to 2.50 of Si, 2.20 to 2. 60 of Mn, 0.80 to 1.50 of Cr, 0.35 to 0.45 ofMo, 0.01 to 0.1 of Re, 0.02 to 0.04 of Nb, less than 0.01 of S, less than 0.01 of P, and the rest of Fe. After raw materials are refined and cast to obtain steel ingots or subjected to continuous casting to obtain continuous casting billets, after being rolled into round steel, cutting and annealing are conducted, and finally a cutting pick body is obtained by cold forging. The tooth tip is prepared from cemented carbide and welded to the tooth body by medium frequency induction heating. After cooling, austempering treatment is conducted, and finally discharging and air-cooling to room temperature are conducted. The finally obtained tooth body has tensile strength sigma b of 1700 to 2000MPa, yield strength sigma s of 1100 to 1520MPa, elongation delta of 16 to 35%, section shrinkage phi of45 to 55%, impact work Aku of 55 to 90 J, hardness HRC of 53 to 62, and strong plastic product of 32 to 51 GPa.%. The microstructure of the tooth body is a nano-carbide-free bainite-martensitic multiphase organization, and the thickness of a substructure slat is 10 to 50 nm.