In order to examine the dynamic mechanical properties, dynamic crack proposition process, and energy loss of fractured rock under dynamic loading, the specimens with different fracture dig angles were processed with Φ50 mm × 50 mm cylindrical sandstone, the impact loading test was conducted on 50 mm stem diameter split Hopkinson pressure bar (SHPB) experiment platform, and the whole process of crack propagation and dynamic failure was recorded using a high-speed camera. As a result, the dynamic mechanical properties such as stress wave fluctuation characteristics, peak strength and stress-strain relationship, crack initiation angle, stress and other dependencies with prefabricated fracture angle of the prefabricated fracture specimens under high strain rate were obtained, and the incident energy, absorbed energy, and energy absorption rates were compared to investigate the energy loss law in the dynamic loading; on the contrary, the effects of different loading rates on the dynamic mechanical properties of the sandstone specimens were identified, and finally a set of findings were presented.