High-speed punching presses are widely applied in modern manufacture industry, especially in occasions of automatic production with a large or a super large quality. To obtain a better production efficiency and a wilder application in industries, it is meaningful to develop the high-speed punching presses with a large press force and a long press stroke. Considering the limitations of mechanical and servo high-speed punching presses, hydraulic technology is the most possible way to develop the high-speed punching press with a large press force and a long press stroke so far. This article has proposed a hydraulic operating principle based on the hydraulic vibration technology for the development of the highspeed punching press with a press force of 1250 kN, a press stroke of 50 mm, and a press velocity of 1000 hpm. With a simulation model built under the AMESim environment, performances of the system are obtained and analyzed. Then, parameter optimization is also carried out and discussed. Finally, the operating principle and the parameters are refined. The obtained results have proved that the design meets the aimed performances of the high-speed punching press.