A 1300Mpa-grade high-toughness cold-formed steel sheet and a production method thereof belong to the technical field of metallurgy. The chemical composition and mass percentage content of the steel plate are C: 0.1-0.2%, Mn: 1.8-2.5%, S≤0.005%, P≤0.02%, Si: 1.0-1.5%, Als≤0.08%, Nb: 0.01-0.04%, Ti: 0.02-0.08%, Ni: 1.0-2.0%, and the balance is Fe and inevitable impurities. The production method includes the steps of steelmaking, continuous casting, heating, rolling, acid rolling, continuous annealing, and leveling and leveling; the temperature of the soaking section of the continuous annealing step is 760-820 DEG C, and the holding time is 60-225s. The steel plate of the invention has a yield strength of ≥850 MPa, a tensile strength of ≥1300 MPa, and an elongation of A50 of ≥8%, has good cold forming performance, and meets the requirements of lightweight automobile steel.