In this study, the concentration of inorganic ions (SO42−, NH4+, NO3− and NO2−) and morphological characteristics of condensable particulate matter (CPM) were investigated to elucidate the formation mechanism of inorganic CPM from ultra-low emission coal-fired power plants. The concentration of inorganic ions increased with the increase of H2O content and concentration of inorganic gaseous contaminants (SO2, NOX and NH3), and decrease of condensation temperature, indicating the enhancement of heterogenous reaction in the saturated flue gas. Furthermore, NOX and SO2 could undergo redox reactions, leading to an elevation in the concentration of SO42− and NO3−. Additionally, the introduction of NH3 resulted in increased concentrations of SO42−, NO3−, and NO2−, highlighting the significant role of NH3 neutralization in CPM nucleation. The condensation of SO3/sulfuric acid aerosols was enhanced under saturation conditions, and SO2 and SO3/sulfuric acid aerosols could contribute synergistically to the formation of SO42−. Moreover, morphological analysis revealed the presence of both well-aggregated solid CPM and dispersed liquid CPM, confirming the formation of inorganic CPM during fast condensation. Furthermore, the detected CPM were composed of S and O, which identified the significant role of sulfates in the inorganic CPM. These findings provide valuable insights for the control of inorganic CPM in flue gas systems.