Hmmm … as I see it (figuratively speaking)
It has what appears to be a single, 3 phase alternator, and not 2 separate coils for ignition and lighting.
The bike runs, yes? so I should think it must be making power or you are running dead loss on the battery.
You really should be reading in excess of 12 volts AC coming out of the first connector. If not, that would suggest a dead short between the power source and the first connector.
The regulator and rectifier come after that, so ….
Does the bike still run if you disconnect the battery ?
If no, it's looking like your stator has a bad ground, or a short in the wiring, or possibly is installed incorrectly and live shorting to ground.
Have you already tested for continuity between the connector terminals that are suppose to be live and the engine ground, which should Not have continuity?