there are a number of reasons this bike is heavier than an old school enduro or little old bike like the cb125.
Some of the bigger ones:
Electric start with 12v alterator / battery
Wide wheels and tires (that rubber adds up quick!)
Liquid cooled (holds a full litre or coolant, and has double radiatiors and an electric fan)
Most things that could have been either plastic or metal are metal. (it's former EAST German remember)
Also, lots of big THICK plastic cladding in those body panels.
I bet if you stripped the big alternator, battery, electric start, wide wheels / tires, removed one radiator, and replaced all the metal bracketry with plastic that you could the bike would loose nearly 80 lbs.