Good combination of high strength and high toughness has been considered as a critical factor of ultra-high strength steel plates. In this paper, a novel high strength steel plate of HSLA type containing Cu with 910MPa yield strength and 1163MPa tensile strength has been developed using an advanced TMCP (thermo-mechanical control processing) technology. The steel plates provide excellent combination of high strength, toughness and deformability. Microstructural evolution and mechanical properties of this steel during hot-working have been investigated. It is demonstrated that, at the relatively higher finish rolling temperature and cooling rate, the microstructure consists of acicular and granular bainite structures and a small amount of low bainite /martensite whose lath width is approximately 200~300nm. For the as-rolled conditions, despite the high strength and so low yield ratio, impact energy about 154J and fully ductility fracture at -90°C can still be obtained as documented for as-hot rolled plates.