This paper studies the effect of schistosity on the dynamic mechanical properties and failure pattern of thin-layered schist. Wudang Group schist with thin layers is selected as the research object, and the influence of the dynamic mechanical properties and failure pattern of schist under different angles and spacing is studied by combining an SHPB test and numerical simulation. The results indicate that under dynamic loading, the stress–strain curve demonstrates elastic compression, plastic deformation, and strain softening stages. Moreover, it is observed that the dynamic critical failure strength of schist exhibits typical “U”-type strength anisotropy. Specimens with a schistosity angle of 0° or 90° exhibit higher dynamic compressive strength under dynamic loading, with axial splitting and schistosity splitting as predominant failure modes. Conversely, when the schistosity angles are 30°, 45° or 60°, there is a noticeable decrease in compressive strength accompanied predominantly by shear failure along with local compressive shear failure. We additionally noted that as the spacing between schists decreases from 22 mm to 7 mm, there is a gradual reduction in dynamic compressive strength by approximately 20.3%.