Shear-dominated hazards, such as induced earthquakes, pose an escalating threat to the sustainability and safety of the geothermal exploitation. Variations in fault orientations and compression–shear stress ratios exert a profound influence on the failure processes underlying these disasters. To better understand these effects on the shear failure mechanisms of hot dry rocks, mode-II fracturing tests on granites were conducted at varying loading angles (specifically, 55°, 60°, 65°, and 70°). These tests were accompanied by a comprehensive analysis of the mechanical properties, energy dissipation behavior, acoustic emission (AE) responses, and digital image correlation (DIC)-extracted displacement fields. The tensile–shear properties of stress-induced microcracks were discerned via AE characteristic parameter analysis and DIC displacement decomposition, and the mode-II fracture energy release rate was quantitatively characterized. The results reveal that with increasing compression–shear loading angles, the mechanical properties of granites are weakened, and the elastic strain energy at peak stress gradually decreases, while the slip-related dissipated energy increases. Throughout the fracturing process, the AE count progressively climbs and reaches a peak near catastrophic failure, with an upsurge in low-frequency and high-amplitude AE events. Microcrack distribution concentrates aggregation along the shear plane, reflecting the emergent displacement discontinuities evident in DIC contours. Both the AE characteristic parameter analysis and DIC displacement decomposition demonstrate that shear-sliding constitutes the paramount mechanism, and the fraction of shear-oriented microcracks and the ratio of tangential versus normal displacement escalate with increases in shear stress. This analysis is supported by the heightened propensity for transgranular microcracking events observed through scanning electron microscopy. As the shear-to-compression stress increases, the energy concentration along the shear band intensifies, with the gradient of the fitting line between cumulative AE energy and slip displacement steepening, indicative of a heightened mode-II energy release rate. These results contribute to a deeper understanding of the mode-II fracture mechanism of rocks, thereby providing a foundational basis for early warnings of shear-dominant geomechanical disasters, and improving the safety and sustainability of subsurface rock engineering.