The enhancement of lump coal percentage (LCP) is of great significance for most aging mines to achieve the production reduction and quality improvement. In order to enhance the LCP of hard coal seam in fully mechanized mining face and prolong the service life of aging mines, this paper puts forward the technological path of LCP enhancement using high-pressure pulsed hydraulic fracturing (HPPHF) based on the detailed analysis of the main factors controlling LCP. By analyzing the correlation between coal fracturing and LCP, the enhancement mechanism of LCP through HPPHF was concluded. Using the extended finite element method, a fluid–solid coupling numerical model of high-pressure pulsed water injection into coal seam was established, and effects of the fracturing method, pulse amplitude, pulse frequency, and water injection pressure on fracturing performance were assessed. Simulation results demonstrate that HPPHF can effectively reduce the required maximum pressure in fracturing, thus providing a higher percentage of coal lumps with lower energy consumption through the repeated pulsed loading of coal masses. Variations in pulsed pressure amplitude and frequency, as well as water injection pressure were positively correlated with fracturing performance. By their effect on the fracturing performance, we found that water injection pressure had the greatest influence, and the pulse amplitude and frequency had similar effects. At the same time, “high amplitude-high frequency” and “high amplitude-low frequency” had characteristics of short initiation time, large initiation pressure, but small fracture width, while “low amplitude-high frequency” and “low amplitude-low frequency” had characteristics of slow initiation speed, low initiation pressure, but large fracture width. Through the field test results in the fully mechanized mining face of Shichangwan Coal Mine, it was found that LCP with a diameter range of 13–100 mm was significantly enhanced by HPPHF. The present study is considered quite instrumental in providing a theoretical foundation for enhancing the LCP of hard coal seams and the sustainable development of coal mine enterprises.