This paper investigated the mechanical properties and microstructures of different samples of H13 steel after they underwent various heat treatment processes. It provided a detailed analysis of the microstructure and mechanical properties under different processes and approached the topic from a theoretical perspective. The phase composition of each sample remained unchanged after undergoing different heat treatment processes. Despite the vacuum gas quenching (H1) sample being guaranteed a hardness of 58.47 HRC, its toughness fell below expectations at a mere 46.75 J. Notably, the microstructure of the sample which underwent the H1 process and the cryogenic (H2) treatment exhibited a finer grain size and higher toughness compared to the sample which only underwent the H1 process without the cryogenic treatment. Its toughness was 70.19 J, but its hardness slightly decreased to 57.47 HRC. Following the application of oil quenching and cryogenic treatment (H3), the hardness of the sample significantly increased, reaching a remarkable 58.38 HRC. Additionally, the sample exhibited good impact resistance, with a measurement of 74.25 J. Before the H2 process, the sample which underwent the spheroidizing annealing process (H4) had a higher hardness compared to the sample without spheroidizing annealing. At the same time, when comparing the above four samples, the sample that underwent the H4 process exhibited the best toughness, with a value of 86.94 J, while still maintaining a hardness of 57.85 HRC; thus, it achieved an ideal balance between strength and toughness. Therefore, the optimal heat treatment process for high-carbon H13 steel was spheroidizing annealing followed by vacuum gas quenching and then cryogenic treatment.