Sulfate (SO42−) is one of the main driving forces behind the explosive growth of atmospheric fine particulate matter (PM2.5), and it scatters sunlight, contributing to atmospheric cooling. Investigating the sources and transformation of SO42− is crucial for understanding PM2.5 pollution and its implications for climate change. Despite a continuous decline in PM2.5 concentrations in China since 2015, it remains unclear whether there have been changes in the sources and transformation processes of SO42−. Furthermore, previous studies that utilized isotope techniques for source identification have often overlooked the impact of isotope fractionation. This study focuses on atmospheric PM2.5 in Jiaozuo based on samples collected from December 2017 to February 2018. The analysis encompassed both the water-soluble ions and sulfur isotope compositions of SO42− (δ34S–SO42−). By employing a Bayesian isotope mixing model, quantitative analysis of SO42− sources in winter atmospheric PM2.5 in the study area was conducted. The findings revealed that the δ34S–SO42− values of winter PM2.5 ranged from −0.1‰ to 9.8‰, with an arithmetic mean of 4.9 ± 1.5‰ (n = 74). After considering sulfur isotope fractionation effects and the impact of primary SO42−, the calculated results suggested that on average, the contributions of primary SO42−, coal combustion, vehicle exhaust, biomass burning, and oil combustion to the SO42− in winter PM2.5 were 24.9 ± 15.7%, 41.2 ± 2.6%, 27.9 ± 5.3%, 4.8 ± 3.7%, and 1.2 ± 0.7%, respectively. Compared with the clean period, the contribution of the primary SO42− decreased significantly during haze episodes, while the contribution of the secondary SO42− increased. The contribution of coal combustion to the secondary SO42− increased notably by 21.9%, while the contributions from other secondary sulfate remained relatively stable. The lower δ34S values of the atmospheric PM2.5 in Jiaozuo affirm the significant impact of the anthropogenic SO2 input on the sulfur isotope composition of the atmospheric sulfate. Analysis confirmed that the decrease in the contribution of coal combustion to atmospheric SO42− in the study area, indicating the positive effects of regional air pollution control measures. Nevertheless, continued attention should be paid to the influences of coal combustion and vehicle exhaust on regional air pollution.